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

Spire Inc (NYSE:SR) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $75.86.

A number of equities analysts have weighed in on SR shares. Wells Fargo & Co set a $82.00 price objective on Spire and gave the company a “buy” rating in a research note on Monday, September 17th. ValuEngine lowered shares of Spire from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. JPMorgan Chase & Co. set a $72.00 target price on shares of Spire and gave the stock a “sell” rating in a report on Tuesday, October 9th. Morgan Stanley cut their target price on shares of Spire from $77.00 to $73.00 and set a “sell” rating for the company in a research note on Monday, October 29th. Finally, Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th.

A number of institutional investors have recently made changes to their positions in SR. State of Alaska Department of Revenue boosted its holdings in Spire by 2.2% in the fourth quarter. State of Alaska Department of Revenue now owns 16,961 shares of the utilities provider’s stock valued at $1,256,000 after acquiring an additional 369 shares during the last quarter. Paradigm Asset Management Co. LLC grew its holdings in shares of Spire by 8.0% in the third quarter. Paradigm Asset Management Co. LLC now owns 5,400 shares of the utilities provider’s stock worth $397,000 after acquiring an additional 400 shares during the period. Vanguard Group Inc boosted its stake in shares of Spire by 2.4% in the third quarter. Vanguard Group Inc now owns 5,130,613 shares of the utilities provider’s stock worth $377,356,000 after acquiring an additional 119,269 shares during the period. Federated Investors Inc. PA raised its position in Spire by 3.7% during the third quarter. Federated Investors Inc. PA now owns 257,403 shares of the utilities provider’s stock valued at $18,932,000 after purchasing an additional 9,070 shares during the period. Finally, Vanguard Group Inc. boosted its position in Spire by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,130,613 shares of the utilities provider’s stock valued at $377,356,000 after acquiring an additional 119,269 shares in the last quarter. 82.18% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SR traded down $0.44 on Friday, hitting $74.25. The company’s stock had a trading volume of 216,359 shares, compared to its average volume of 197,082. The stock has a market cap of $3.73 billion, a P/E ratio of 19.96, a PEG ratio of 4.96 and a beta of 0.16. The company has a quick ratio of 0.34, a current ratio of 0.50 and a debt-to-equity ratio of 0.84. Spire has a 1 year low of $60.08 and a 1 year high of $81.13.

Spire (NYSE:SR) last posted its quarterly earnings results on Thursday, November 15th. The utilities provider reported ($0.52) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.07. The business had revenue of $239.20 million for the quarter, compared to analyst estimates of $237.31 million. Spire had a return on equity of 8.35% and a net margin of 10.90%. On average, equities research analysts expect that Spire will post 3.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th were issued a dividend of $0.5925 per share. The ex-dividend date of this dividend was Monday, December 10th. This represents a $2.37 dividend on an annualized basis and a yield of 3.19%. This is a positive change from Spire’s previous quarterly dividend of $0.56. Spire’s dividend payout ratio is currently 63.71%.

About Spire

Spire Inc, through 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 two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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