Spire (NYSE:SR) Price Target Raised to $93.00 at Mizuho

Spire (NYSE:SR) had its price objective raised by Mizuho from $83.00 to $93.00 in a report released on Tuesday morning, Marketbeat.com reports. Mizuho currently has an outperform rating on the utilities provider’s stock.

Several other equities research analysts have also commented on SR. Morgan Stanley cut their price target on shares of Spire from $81.00 to $76.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group raised shares of Spire to a “strong-buy” rating in a research report on Tuesday, October 7th. Stifel Nicolaus set a $81.00 price target on shares of Spire and gave the company a “hold” rating in a research report on Tuesday, July 15th. Bank of America reissued an “underperform” rating and issued a $76.00 price target (down from $81.00) on shares of Spire in a research report on Friday, August 15th. Finally, UBS Group boosted their price target on shares of Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $83.75.

Spire Price Performance

Shares of SR opened at $87.03 on Tuesday. Spire has a twelve month low of $61.87 and a twelve month high of $87.64. The firm’s fifty day simple moving average is $78.88 and its 200-day simple moving average is $76.23. The firm has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 2.54 and a beta of 0.69. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.08.

Spire (NYSE:SR) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. Spire had a net margin of 11.56% and a return on equity of 8.66%. The business had revenue of $421.90 million for the quarter, compared to analyst estimates of $417.27 million. During the same period last year, the business earned ($0.14) EPS. The company’s revenue was up 1.9% on a year-over-year basis. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. Equities analysts forecast that Spire will post 4.5 EPS for the current fiscal year.

Spire Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th were paid a $0.785 dividend. The ex-dividend date was Thursday, September 11th. This represents a $3.14 dividend on an annualized basis and a yield of 3.6%. Spire’s payout ratio is currently 67.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SR. GAMMA Investing LLC increased its stake in Spire by 66.0% in the first quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider’s stock valued at $57,000 after purchasing an additional 289 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Spire by 16.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 5,833 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 844 shares during the period. State of Alaska Department of Revenue increased its stake in Spire by 3.7% in the first quarter. State of Alaska Department of Revenue now owns 6,833 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 245 shares during the period. Blue Trust Inc. increased its stake in Spire by 20.5% in the first quarter. Blue Trust Inc. now owns 1,305 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 222 shares during the period. Finally, Retirement Systems of Alabama increased its stake in Spire by 1.1% in the first quarter. Retirement Systems of Alabama now owns 71,014 shares of the utilities provider’s stock valued at $5,557,000 after purchasing an additional 794 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.