Spire Inc (NYSE:SR) Receives Consensus Rating of “Hold” from Analysts

Shares of Spire Inc (NYSE:SR) have received an average recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $81.33.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Wells Fargo & Co lifted their price objective on shares of Spire from $89.00 to $90.00 and gave the stock a “market perform” rating in a research note on Friday, September 6th. Credit Suisse Group reissued a “sell” rating and issued a $75.00 target price on shares of Spire in a research report on Monday. Finally, ValuEngine downgraded shares of Spire from a “buy” rating to a “hold” rating in a research report on Friday.

Shares of SR traded down $0.13 during mid-day trading on Wednesday, hitting $77.29. The company’s stock had a trading volume of 302,856 shares, compared to its average volume of 273,647. The firm has a 50-day moving average price of $81.87 and a 200 day moving average price of $83.82. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 3.75 and a beta of 0.12. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.42 and a quick ratio of 0.28. Spire has a fifty-two week low of $70.53 and a fifty-two week high of $88.00.

Spire (NYSE:SR) last announced its quarterly earnings data on Monday, November 25th. The utilities provider reported ($0.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.52) by ($0.02). The business had revenue of $225.60 million during the quarter, compared to analyst estimates of $243.88 million. Spire had a return on equity of 7.64% and a net margin of 9.37%. As a group, equities analysts anticipate that Spire will post 3.75 EPS for the current fiscal year.

In other news, EVP Steven P. Rasche bought 1,108 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were acquired at an average cost of $27.20 per share, with a total value of $30,137.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.90% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Spire by 0.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 27,342 shares of the utilities provider’s stock worth $2,295,000 after purchasing an additional 125 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Spire by 0.4% during the third quarter. Texas Permanent School Fund now owns 34,583 shares of the utilities provider’s stock worth $3,017,000 after purchasing an additional 131 shares during the period. 6 Meridian boosted its holdings in shares of Spire by 1.9% during the second quarter. 6 Meridian now owns 9,090 shares of the utilities provider’s stock worth $763,000 after purchasing an additional 167 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Spire by 8.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,047 shares of the utilities provider’s stock worth $266,000 after purchasing an additional 237 shares during the period. Finally, First Mercantile Trust Co. boosted its holdings in shares of Spire by 7.5% during the third quarter. First Mercantile Trust Co. now owns 3,536 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 247 shares during the period. 81.12% 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 in the United States. The company operates through two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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