Spire Inc. (NYSE:SR) Receives $61.43 Consensus PT from Brokerages

Spire Inc. (NYSE:SRGet Free Report) has been assigned a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $61.43.

Several brokerages have recently weighed in on SR. Mizuho decreased their target price on shares of Spire from $66.00 to $64.00 and set a “buy” rating for the company in a research note on Monday, January 22nd. Bank of America raised their price objective on Spire from $53.00 to $55.00 and gave the company an “underperform” rating in a research note on Tuesday, November 28th. Finally, Royal Bank of Canada reduced their price objective on shares of Spire from $66.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Friday, November 24th.

Get Our Latest Research Report on SR

Insider Buying and Selling

In other news, insider Joseph B. Hampton sold 1,294 shares of the company’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total transaction of $75,220.22. Following the transaction, the insider now owns 6,768 shares of the company’s stock, valued at $393,423.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Spire news, insider Joseph B. Hampton sold 1,294 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $58.13, for a total transaction of $75,220.22. Following the transaction, the insider now owns 6,768 shares in the company, valued at $393,423.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Treasurer Adam W. Woodard sold 1,229 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $59.58, for a total value of $73,223.82. Following the sale, the treasurer now directly owns 1,560 shares in the company, valued at approximately $92,944.80. The disclosure for this sale can be found here. 2.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Spire

Institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Spire during the 4th quarter worth approximately $201,000. Wellington Management Group LLP lifted its stake in Spire by 19.7% during the fourth quarter. Wellington Management Group LLP now owns 374,776 shares of the utilities provider’s stock worth $23,364,000 after purchasing an additional 61,564 shares during the last quarter. Congress Asset Management Co. MA boosted its holdings in shares of Spire by 0.3% in the 4th quarter. Congress Asset Management Co. MA now owns 64,144 shares of the utilities provider’s stock valued at $3,999,000 after purchasing an additional 167 shares in the last quarter. Pineridge Advisors LLC acquired a new stake in shares of Spire in the 4th quarter valued at $302,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Spire by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,148 shares of the utilities provider’s stock valued at $1,818,000 after purchasing an additional 2,395 shares during the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Spire Price Performance

SR stock opened at $59.77 on Wednesday. The business has a 50 day moving average price of $59.33 and a 200 day moving average price of $59.62. The company has a quick ratio of 0.43, a current ratio of 0.55 and a debt-to-equity ratio of 1.16. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.46 and a beta of 0.51. Spire has a fifty-two week low of $53.77 and a fifty-two week high of $72.07.

Spire (NYSE:SRGet Free Report) last issued its earnings results on Thursday, February 1st. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.10. Spire had a net margin of 8.11% and a return on equity of 8.27%. The business had revenue of $756.60 million during the quarter, compared to analysts’ expectations of $688.88 million. During the same quarter in the prior year, the business posted $1.55 EPS. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that Spire will post 4.34 earnings per share for the current fiscal year.

Spire Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 2nd. Stockholders of record on Monday, March 11th will be paid a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, March 8th. Spire’s dividend payout ratio (DPR) is currently 81.40%.

Spire Company Profile

(Get Free Report

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.

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Analyst Recommendations for Spire (NYSE:SR)

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