Spire Inc. (NYSE:SR) Stock Has Average Price Target of $92.50 According to Brokerages

Shares of Spire Inc. (NYSE:SR) have been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $92.50.

Several equities analysts have recently weighed in on SR shares. Wall Street Zen raised shares of Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings cut shares of Spire from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 25th. Morgan Stanley decreased their target price on shares of Spire from $91.00 to $88.00 and set an “overweight” rating for the company in a research report on Friday, September 18th. Scotiabank assumed coverage on shares of Spire in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a research note on Friday, June 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SR. BlackRock Inc. acquired a new position in shares of Spire during the 2nd quarter worth approximately $667,642,000. Geode Capital Management LLC grew its stake in shares of Spire by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 1,579,856 shares of the utilities provider’s stock valued at $130,672,000 after buying an additional 47,106 shares in the last quarter. Captrust Financial Advisors grew its stake in shares of Spire by 1.7% in the fourth quarter. Captrust Financial Advisors now owns 1,240,395 shares of the utilities provider’s stock valued at $102,581,000 after buying an additional 20,224 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Spire by 1.4% in the second quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider’s stock valued at $52,134,000 after buying an additional 8,927 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Spire during the second quarter worth $45,993,000. 87.36% of the stock is owned by institutional investors and hedge funds.

Spire Stock Performance

Shares of Spire stock opened at $77.81 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 8.67, a price-to-earnings-growth ratio of 1.27 and a beta of 0.52. The stock’s 50-day moving average is $80.71 and its 200-day moving average is $83.55. Spire has a one year low of $74.84 and a one year high of $95.31.

Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The business had revenue of $420.20 million during the quarter, compared to the consensus estimate of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%.Spire’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period last year, the company earned $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Equities analysts predict that Spire will post 4 earnings per share for the current fiscal year.

Spire Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a $0.8250 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.2%. Spire’s payout ratio is currently 36.79%.

About Spire

Spire Inc is a diversified natural gas company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial, and industrial customers in Missouri and Alabama.

Spire’s business includes natural gas distribution, gas storage and transportation, and related energy services. Its operations also include natural gas marketing and midstream activities, which support the delivery and management of natural gas for utility and other customers.

The company traces its history to 1857, when it was established as Laclede Gas Light Company.