Analysts Set Spire Inc (SR) Price Target at $75.33

Spire Inc (NYSE:SR) has received an average recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $75.14.

A number of equities research analysts have recently commented on SR shares. ValuEngine raised shares of Spire from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Wells Fargo & Co set a $82.00 price objective on shares of Spire and gave the company a “buy” rating in a research note on Monday, September 17th. Zacks Investment Research raised shares of Spire from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th. Credit Suisse Group upped their price objective on shares of Spire from $71.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, November 19th. Finally, Morgan Stanley reduced their price objective on shares of Spire from $77.00 to $73.00 and set a “sell” rating on the stock in a research note on Monday, October 29th.

NYSE SR traded up $0.34 on Friday, hitting $78.89. The company’s stock had a trading volume of 66,502 shares, compared to its average volume of 193,121. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.34 and a current ratio of 0.50. Spire has a 1-year low of $60.08 and a 1-year high of $82.85. The stock has a market cap of $3.98 billion, a P/E ratio of 21.21, a price-to-earnings-growth ratio of 5.29 and a beta of 0.03.

Spire (NYSE:SR) last posted its quarterly earnings data on Thursday, November 15th. The utilities provider reported ($0.52) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.59) by $0.07. Spire had a net margin of 10.90% and a return on equity of 8.35%. The company had revenue of $239.20 million for the quarter, compared to analyst estimates of $237.31 million. Analysts predict that Spire will post 3.75 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Investors of record on Tuesday, December 11th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, December 10th. This is a positive change from Spire’s previous quarterly dividend of $0.56. This represents a $2.37 annualized dividend and a yield of 3.00%. Spire’s dividend payout ratio is currently 60.48%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in Spire by 696.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,888 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 1,651 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Spire by 3.0% during the second quarter. Federated Investors Inc. PA now owns 248,333 shares of the utilities provider’s stock worth $17,545,000 after acquiring an additional 7,133 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Spire by 18.5% during the second quarter. Renaissance Technologies LLC now owns 885,400 shares of the utilities provider’s stock worth $62,554,000 after acquiring an additional 138,100 shares in the last quarter. Citadel Advisors LLC boosted its stake in Spire by 311.3% during the second quarter. Citadel Advisors LLC now owns 64,642 shares of the utilities provider’s stock worth $4,566,000 after acquiring an additional 48,926 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Spire during the second quarter worth $13,085,000. 82.50% of the stock is currently owned by institutional investors and hedge funds.

Spire Company Profile

Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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Analyst Recommendations for Spire (NYSE:SR)

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