Shares of Spire Inc (NYSE:SR) have earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $75.33.
A number of research firms have commented on SR. Stifel Nicolaus upped their price target on Spire from $71.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, November 16th. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research note on Wednesday, October 4th. ValuEngine cut Spire from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley increased their price objective on Spire from $73.00 to $75.00 and gave the company an “underweight” rating in a research note on Friday, September 8th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $73.00 price objective on shares of Spire in a research note on Monday, October 16th.
Spire (SR) opened at $73.95 on Tuesday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.46 and a current ratio of 0.66. Spire has a 52 week low of $62.33 and a 52 week high of $82.85. The company has a market capitalization of $3,559.34, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 3.96 and a beta of 0.31.
Spire (NYSE:SR) last released its quarterly earnings results on Wednesday, November 15th. The utilities provider reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.04. Spire had a return on equity of 8.71% and a net margin of 9.28%. The company had revenue of $258.70 million for the quarter, compared to analysts’ expectations of $271.65 million. During the same period in the prior year, the firm earned ($0.32) earnings per share. The firm’s revenue was down 7.4% compared to the same quarter last year. sell-side analysts predict that Spire will post 3.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Stockholders of record on Monday, December 11th will be paid a $0.5625 dividend. This is a boost from Spire’s previous quarterly dividend of $0.53. This represents a $2.25 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, December 8th. Spire’s dividend payout ratio (DPR) is presently 63.92%.
A number of large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC purchased a new position in Spire in the third quarter valued at $209,000. Americafirst Capital Management LLC purchased a new position in shares of Spire during the third quarter worth about $451,000. Sterling Capital Management LLC purchased a new position in shares of Spire during the third quarter worth about $1,486,000. Neuberger Berman Group LLC purchased a new position in shares of Spire during the third quarter worth about $219,000. Finally, California Public Employees Retirement System grew its holdings in shares of Spire by 14.8% during the third quarter. California Public Employees Retirement System now owns 105,724 shares of the utilities provider’s stock worth $7,892,000 after purchasing an additional 13,624 shares during the last quarter. 79.84% of the stock is currently owned by hedge funds and other institutional investors.
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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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