Spire Inc. (NYSE:SR) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Spire Inc. (NYSE:SR) has received a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $92.91.

A number of research analysts have recently weighed in on SR shares. Huntington initiated coverage on Spire in a research report on Monday, September 14th. They set an “outperform” rating and a $93.00 price objective on the stock. BTIG Research reissued a “buy” rating and issued a $102.00 target price on shares of Spire in a report on Monday, September 21st. Weiss Ratings upgraded shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Spire from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 20th. Finally, Morgan Stanley lowered their price target on shares of Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, September 18th.

Hedge Funds Weigh In On Spire

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Spire in the 2nd quarter worth $667,642,000. Wellington Management Group LLP increased its holdings in shares of Spire by 1.4% in the 2nd quarter. Wellington Management Group LLP now owns 667,616 shares of the utilities provider’s stock worth $52,134,000 after buying an additional 8,927 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Spire during the 2nd quarter valued at about $45,993,000. The Manufacturers Life Insurance Company raised its position in shares of Spire by 0.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 479,716 shares of the utilities provider’s stock valued at $43,433,000 after buying an additional 1,745 shares in the last quarter. Finally, Energy Income Partners LLC lifted its holdings in shares of Spire by 1.6% in the 1st quarter. Energy Income Partners LLC now owns 402,270 shares of the utilities provider’s stock valued at $36,422,000 after acquiring an additional 6,505 shares during the last quarter. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Spire Stock Up 1.4%

SR stock opened at $87.90 on Monday. Spire has a fifty-two week low of $74.84 and a fifty-two week high of $95.31. The business’s 50-day moving average is $81.05 and its two-hundred day moving average is $84.53. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.41 and a beta of 0.52.

Spire (NYSE:SR) last announced its earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.06. The business had revenue of $420.20 million for the quarter, compared to analysts’ expectations of $394.62 million. Spire had a return on equity of 8.65% and a net margin of 21.48%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, analysts forecast that Spire will post 4.00 earnings per share for the current year.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.