Spire (NYSE:SR) had its price objective lifted by Morgan Stanley from $68.00 to $72.00 in a report published on Monday morning. Morgan Stanley currently has an underweight rating on the utilities provider’s stock.
SR has been the subject of a number of other research reports. Zacks Investment Research upgraded Spire from a hold rating to a buy rating and set a $82.00 price objective for the company in a research report on Friday, April 6th. ValuEngine cut Spire from a buy rating to a hold rating in a research report on Friday, April 13th. JPMorgan Chase dropped their price objective on Spire from $77.00 to $65.00 and set an underweight rating for the company in a research report on Thursday, January 25th. Stifel Nicolaus reiterated a hold rating and set a $65.00 price objective on shares of Spire in a research report on Friday, February 2nd. Finally, Hilliard Lyons upgraded Spire to a buy rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Spire presently has a consensus rating of Hold and a consensus target price of $71.43.
Shares of SR stock opened at $70.60 on Monday. Spire has a fifty-two week low of $60.08 and a fifty-two week high of $82.85. The firm has a market capitalization of $3,449.35, a PE ratio of 20.15, a PEG ratio of 4.72 and a beta of 0.06. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.70 and a quick ratio of 0.53.
Spire (NYSE:SR) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.13. Spire had a return on equity of 8.91% and a net margin of 12.86%. The business had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $516.16 million. During the same quarter last year, the business posted $1.04 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. sell-side analysts anticipate that Spire will post 3.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th were issued a $0.563 dividend. This is a boost from Spire’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, March 9th. This represents a $2.25 annualized dividend and a yield of 3.19%. Spire’s payout ratio is 63.20%.
A number of institutional investors and hedge funds have recently bought and sold shares of SR. Robeco Institutional Asset Management B.V. grew its holdings in Spire by 64.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 718,674 shares of the utilities provider’s stock valued at $54,051,000 after buying an additional 282,725 shares during the period. BlackRock Inc. grew its holdings in Spire by 3.3% in the 4th quarter. BlackRock Inc. now owns 6,273,333 shares of the utilities provider’s stock valued at $471,441,000 after buying an additional 200,037 shares during the period. Renaissance Technologies LLC grew its holdings in Spire by 19.9% in the 4th quarter. Renaissance Technologies LLC now owns 707,700 shares of the utilities provider’s stock valued at $53,184,000 after buying an additional 117,700 shares during the period. Macquarie Group Ltd. grew its holdings in Spire by 9.5% in the 4th quarter. Macquarie Group Ltd. now owns 728,873 shares of the utilities provider’s stock valued at $56,894,000 after buying an additional 63,030 shares during the period. Finally, Arizona State Retirement System grew its holdings in Spire by 224.3% in the 4th quarter. Arizona State Retirement System now owns 81,123 shares of the utilities provider’s stock valued at $6,096,000 after buying an additional 56,106 shares during the period. Institutional investors own 82.88% of the company’s stock.
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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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