Shares of Spire Inc (NYSE:SR) have been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $75.00.
A number of equities research analysts have commented on SR shares. Royal Bank Of Canada reissued a “hold” rating and issued a $73.00 price objective on shares of Spire in a research report on Wednesday, August 9th. Morgan Stanley increased their price objective on shares of Spire from $68.00 to $73.00 and gave the company an “underweight” rating in a research report on Thursday, August 10th. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Wednesday, October 4th. J P Morgan Chase & Co increased their price objective on shares of Spire from $71.00 to $75.00 and gave the company an “underweight” rating in a research report on Thursday, October 12th. Finally, Stifel Nicolaus increased their price objective on shares of Spire from $71.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, November 16th.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Spire by 3.3% in the 2nd quarter. BlackRock Inc. now owns 5,901,195 shares of the utilities provider’s stock valued at $411,607,000 after buying an additional 188,507 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Spire by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 4,443,903 shares of the utilities provider’s stock valued at $309,962,000 after buying an additional 224,903 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Spire by 124.9% in the 2nd quarter. American Century Companies Inc. now owns 3,475,470 shares of the utilities provider’s stock valued at $242,414,000 after buying an additional 1,930,140 shares in the last quarter. State Street Corp boosted its holdings in shares of Spire by 5.7% in the 2nd quarter. State Street Corp now owns 1,236,031 shares of the utilities provider’s stock valued at $86,214,000 after buying an additional 67,106 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Spire by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,059,918 shares of the utilities provider’s stock valued at $79,123,000 after buying an additional 73,219 shares in the last quarter. Institutional investors and hedge funds own 80.14% of the company’s stock.
Shares of Spire (SR) remained flat at $$81.75 on Friday. The company had a trading volume of 176,805 shares, compared to its average volume of 156,385. Spire has a 1-year low of $62.33 and a 1-year high of $82.85. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.46 and a current ratio of 0.66. The stock has a market capitalization of $3,950.00, a PE ratio of 22.46, a P/E/G ratio of 4.13 and a beta of 0.31.
Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, November 15th. The utilities provider reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.04. Spire had a net margin of 9.28% and a return on equity of 8.71%. The company had revenue of $258.70 million for the quarter, compared to the consensus estimate of $271.65 million. During the same period in the prior year, the firm posted ($0.32) EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. analysts anticipate that Spire will post 3.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be issued a $0.5625 dividend. This is a boost from Spire’s previous quarterly dividend of $0.53. The ex-dividend date is Friday, December 8th. This represents a $2.25 annualized dividend and a dividend yield of 2.75%. Spire’s dividend payout ratio is presently 59.66%.
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Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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