Spire Inc (SR) Given Consensus Rating of “Hold” by Analysts

Shares of Spire Inc (NYSE:SR) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $67.00.

SR has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on Spire from $71.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, November 16th. Morgan Stanley increased their price objective on Spire from $75.00 to $77.00 and gave the company an “underweight” rating in a report on Wednesday, December 13th. Zacks Investment Research lowered Spire from a “buy” rating to a “hold” rating in a report on Saturday, January 20th. ValuEngine lowered Spire from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Hilliard Lyons raised Spire to a “buy” rating in a report on Friday, February 2nd.

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its stake in Spire by 19.9% during the 4th quarter. Renaissance Technologies LLC now owns 707,700 shares of the utilities provider’s stock valued at $53,184,000 after purchasing an additional 117,700 shares during the period. Channing Capital Management LLC boosted its stake in Spire by 3.7% during the 4th quarter. Channing Capital Management LLC now owns 714,507 shares of the utilities provider’s stock valued at $53,695,000 after purchasing an additional 25,353 shares during the period. Geode Capital Management LLC boosted its stake in Spire by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 404,661 shares of the utilities provider’s stock valued at $30,410,000 after purchasing an additional 10,786 shares during the period. Smith Moore & CO. boosted its stake in Spire by 18.3% during the 4th quarter. Smith Moore & CO. now owns 10,421 shares of the utilities provider’s stock valued at $783,000 after purchasing an additional 1,615 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Spire during the 4th quarter valued at approximately $1,613,000. Hedge funds and other institutional investors own 80.18% of the company’s stock.

Spire (NYSE:SR) opened at $65.05 on Wednesday. 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 has a 52-week low of $60.08 and a 52-week high of $82.85. The firm has a market capitalization of $3,140.00, a PE ratio of 13.19, a price-to-earnings-growth ratio of 3.93 and a beta of 0.16.

Spire (NYSE:SR) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.13. The company had revenue of $561.80 million for the quarter, compared to analyst estimates of $516.16 million. Spire had a return on equity of 8.91% and a net margin of 12.86%. The business’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 EPS. sell-side analysts anticipate that Spire will post 3.72 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be issued a dividend of $0.563 per share. This is a positive change from Spire’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, March 9th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.46%. Spire’s dividend payout ratio is currently 45.64%.

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About Spire

Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.

Analyst Recommendations for Spire (NYSE:SR)

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