Spire Inc. (NYSE:SR – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $94.50.
SR has been the topic of a number of research reports. Mizuho assumed coverage on shares of Spire in a research report on Tuesday, July 7th. They set an “outperform” rating and a $88.00 target price on the stock. BTIG Research set a $101.00 price target on Spire in a report on Thursday, July 23rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price objective (up from $84.00) on shares of Spire in a research note on Friday, June 26th. Wolfe Research initiated coverage on Spire in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company started coverage on Spire in a research report on Monday, May 11th. They set an “overweight” rating and a $96.00 target price for the company.
View Our Latest Stock Analysis on SR
Spire Stock Up 0.0%
Spire (NYSE:SR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. The firm had revenue of $420.20 million for the quarter, compared to analysts’ expectations of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. Analysts anticipate that Spire will post 4.01 EPS for the current year.
Spire Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, September 11th. This represents a $3.30 annualized dividend and a dividend yield of 4.0%. Spire’s dividend payout ratio (DPR) is currently 36.79%.
Insider Activity
In other Spire news, Director Paul D. Koonce bought 500 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $78.46 per share, with a total value of $39,230.00. Following the transaction, the director owned 8,000 shares of the company’s stock, valued at approximately $627,680. This trade represents a 6.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ryan L. Hyman sold 3,822 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $80.51, for a total transaction of $307,709.22. Following the completion of the sale, the senior vice president owned 14,295 shares of the company’s stock, valued at approximately $1,150,890.45. This represents a 21.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.26% of the company’s stock.
Institutional Investors Weigh In On Spire
Several hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in Spire by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock valued at $3,348,000 after acquiring an additional 122 shares during the period. Detalus Advisors LLC raised its position in Spire by 2.3% during the first quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after acquiring an additional 142 shares during the period. Inspire Investing LLC lifted its holdings in Spire by 2.6% during the fourth quarter. Inspire Investing LLC now owns 5,734 shares of the utilities provider’s stock valued at $474,000 after purchasing an additional 144 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Spire by 40.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 149 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of Spire by 16.5% in the fourth quarter. Parallel Advisors LLC now owns 1,136 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 161 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.
About Spire
Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.
Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.
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