Spire’s (SR) “Buy (B-)” Rating Reiterated at Weiss Ratings

Spire (NYSE:SR)‘s stock had its “buy (b-)” rating reissued by stock analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other brokerages have also issued reports on SR. Jefferies Financial Group upgraded Spire to a “strong-buy” rating in a research note on Tuesday, October 7th. Stifel Nicolaus set a $81.00 price target on Spire and gave the company a “hold” rating in a research note on Tuesday, July 15th. BTIG Research upgraded Spire to a “strong-buy” rating in a research note on Wednesday. Mizuho lifted their price target on Spire from $83.00 to $93.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, UBS Group lifted their price target on Spire from $80.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 13th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Spire Price Performance

Shares of NYSE SR opened at $88.83 on Friday. The stock has a market capitalization of $5.24 billion, a PE ratio of 19.19, a P/E/G ratio of 2.56 and a beta of 0.69. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.37 and a quick ratio of 0.27. The business has a fifty day moving average price of $79.54 and a two-hundred day moving average price of $76.50. Spire has a fifty-two week low of $61.87 and a fifty-two week high of $89.09.

Spire (NYSE:SR) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The firm had revenue of $421.90 million during the quarter, compared to analysts’ expectations of $417.27 million. Spire had a return on equity of 8.66% and a net margin of 11.56%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.14) EPS. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. As a group, equities analysts predict that Spire will post 4.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spire

A number of hedge funds and other institutional investors have recently bought and sold shares of SR. GAMMA Investing LLC grew its position in shares of Spire by 66.0% in the 1st quarter. GAMMA Investing LLC now owns 727 shares of the utilities provider’s stock valued at $57,000 after buying an additional 289 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Spire by 16.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,833 shares of the utilities provider’s stock valued at $456,000 after purchasing an additional 844 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Spire by 3.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,833 shares of the utilities provider’s stock valued at $534,000 after purchasing an additional 245 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Spire by 103.8% in the 1st quarter. Golden State Wealth Management LLC now owns 803 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 409 shares during the period. Finally, KBC Group NV lifted its stake in shares of Spire by 27.4% in the 1st quarter. KBC Group NV now owns 2,938 shares of the utilities provider’s stock valued at $230,000 after purchasing an additional 631 shares during the period. Institutional investors own 87.36% of the company’s stock.

About Spire

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.