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

Shares of Spire Inc (NYSE:SR) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $67.00.

SR has been the subject of several research analyst reports. Hilliard Lyons upgraded Spire to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Wednesday, January 10th. ValuEngine lowered Spire from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stifel Nicolaus upped 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. Finally, Morgan Stanley cut their price objective on Spire from $72.00 to $65.00 and set an “underweight” rating for the company in a report on Tuesday, February 13th.

Shares of Spire (SR) traded up $0.55 during mid-day trading on Wednesday, reaching $66.20. The company’s stock had a trading volume of 287,200 shares, compared to its average volume of 320,073. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. Spire has a one year low of $60.08 and a one year high of $82.85. The firm has a market cap of $3,200.38, a price-to-earnings ratio of 17.47, a PEG ratio of 3.95 and a beta of 0.15.

Spire (NYSE:SR) last announced its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.13. The company had revenue of $561.80 million during 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 firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.04 EPS. analysts predict that Spire will post 3.72 EPS for the current year.

The business also recently announced 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 represents a $2.25 annualized dividend and a dividend yield of 3.40%. This is an increase from Spire’s previous quarterly dividend of $0.56. The ex-dividend date is Friday, March 9th. Spire’s dividend payout ratio is currently 45.73%.

Several hedge funds and other institutional investors have recently made changes to their positions in SR. Public Employees Retirement System of Ohio raised its position in Spire by 11.2% during the second quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after buying an additional 209 shares during the period. Ameritas Investment Partners Inc. raised its position in Spire by 7.4% during the second quarter. Ameritas Investment Partners Inc. now owns 4,147 shares of the utilities provider’s stock valued at $289,000 after buying an additional 284 shares during the period. Advisor Group Inc. raised its position in Spire by 30.7% during the second quarter. Advisor Group Inc. now owns 2,147 shares of the utilities provider’s stock valued at $149,000 after buying an additional 504 shares during the period. New York State Common Retirement Fund raised its position in Spire by 0.7% during the third quarter. New York State Common Retirement Fund now owns 88,106 shares of the utilities provider’s stock valued at $6,577,000 after buying an additional 638 shares during the period. Finally, Nationwide Fund Advisors raised its position in Spire by 0.9% during the third quarter. Nationwide Fund Advisors now owns 79,260 shares of the utilities provider’s stock valued at $5,917,000 after buying an additional 683 shares during the period. 81.21% of the stock is owned by institutional investors and hedge funds.

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Spire Company Profile

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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