Spire (NYSE:SR – Get Free Report) had its price target raised by research analysts at JPMorgan Chase & Co. from $85.00 to $86.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 3.14% from the company’s current price.
A number of other research firms have also commented on SR. Morgan Stanley dropped their price target on shares of Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a research report on Friday, September 18th. Weiss Ratings upgraded shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Mizuho assumed coverage on shares of Spire in a report on Tuesday, July 7th. They set an “outperform” rating and a $88.00 price objective for the company. Huntington assumed coverage on shares of Spire in a research note on Monday, September 14th. They issued an “outperform” rating and a $93.00 target price on the stock. Finally, Scotiabank started coverage on shares of Spire in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Spire has a consensus rating of “Moderate Buy” and an average target price of $92.58.
View Our Latest Research Report on SR
Spire Stock Up 2.7%
Shares of NYSE SR traded up $2.21 during mid-day trading on Tuesday, reaching $83.39. 61,290 shares of the company traded hands, compared to its average volume of 460,551. The company’s fifty day moving average is $80.60 and its two-hundred day moving average is $82.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37. Spire has a fifty-two week low of $74.84 and a fifty-two week high of $95.31. The stock has a market cap of $4.93 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 1.34 and a beta of 0.52.
Spire (NYSE:SR – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.06. The firm had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.01 EPS. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, analysts expect that Spire will post 4.00 earnings per share for the current year.
Hedge Funds Weigh In On Spire
Large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Spire in the 2nd quarter valued at $667,642,000. Wellington Management Group LLP raised its stake in shares of Spire by 1.4% in the 2nd quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider’s stock valued at $52,134,000 after buying an additional 8,927 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Spire during the 2nd quarter worth about $45,993,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Spire by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 479,716 shares of the utilities provider’s stock worth $43,433,000 after acquiring an additional 1,745 shares during the period. Finally, Energy Income Partners LLC lifted its holdings in shares of Spire by 1.6% during the 1st quarter. Energy Income Partners LLC now owns 402,270 shares of the utilities provider’s stock worth $36,422,000 after acquiring an additional 6,505 shares during the period. 87.36% of the stock is currently owned by institutional investors and hedge funds.
About Spire
Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.
Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.
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