Spire Inc. (NYSE:SR – Free Report) – Investment analysts at Zacks Research increased their Q2 2027 earnings estimates for shares of Spire in a research note issued to investors on Wednesday, September 23rd. Zacks Research analyst Team now anticipates that the utilities provider will post earnings per share of $4.11 for the quarter, up from their previous forecast of $4.07. The consensus estimate for Spire’s current full-year earnings is $4.01 per share. Zacks Research also issued estimates for Spire’s Q2 2028 earnings at $4.25 EPS.
A number of other brokerages have also recently commented on SR. Wall Street Zen upgraded shares of Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. BTIG Research reiterated a “buy” rating and issued a $102.00 price objective on shares of Spire in a research note on Monday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 target price (up from $84.00) on shares of Spire in a report on Friday, June 26th. Morgan Stanley dropped their target price on Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Finally, Weiss Ratings raised Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.73.
Spire Stock Performance
NYSE:SR opened at $77.32 on Thursday. The company has a market capitalization of $4.57 billion, a P/E ratio of 8.62, a P/E/G ratio of 1.75 and a beta of 0.54. The business has a fifty day simple moving average of $81.66 and a two-hundred day simple moving average of $84.56. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27. Spire has a 1 year low of $75.85 and a 1 year high of $95.31.
Spire (NYSE:SR – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%.The business had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. Spire’s revenue for the quarter was up 19.2% on a year-over-year basis. Spire has set its FY 2026 guidance at 3.900-4.100 EPS.
Spire Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, September 11th. Spire’s dividend payout ratio (DPR) is 36.79%.
Hedge Funds Weigh In On Spire
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SR. BlackRock Inc. bought a new position in Spire in the 2nd quarter worth about $667,642,000. Geode Capital Management LLC raised its holdings in shares of Spire by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 1,579,856 shares of the utilities provider’s stock valued at $130,672,000 after acquiring an additional 47,106 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of Spire by 1.7% during the 4th quarter. Captrust Financial Advisors now owns 1,240,395 shares of the utilities provider’s stock valued at $102,581,000 after acquiring an additional 20,224 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Spire by 1.4% during the 2nd quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider’s stock valued at $52,134,000 after acquiring an additional 8,927 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Spire during the fourth quarter worth about $46,226,000. 87.36% of the stock is currently owned by hedge funds and other institutional investors.
About Spire
Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.
Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company’s utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.
The company traces its history to 1857, when it was established as Laclede Gas Company.
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