Shares of Spire Inc. (NYSE:SR) have earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.25.
A number of research firms recently commented on SR. Morgan Stanley raised their price objective on shares of Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of Spire from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th.
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A number of large investors have recently added to or reduced their stakes in SR. Renaissance Technologies LLC increased its stake in Spire by 30.6% in the fourth quarter. Renaissance Technologies LLC now owns 305,600 shares of the utilities provider’s stock worth $19,726,000 after buying an additional 71,600 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in Spire during the fourth quarter worth about $205,000. Credit Agricole S A bought a new stake in Spire during the fourth quarter worth about $1,329,000. Trexquant Investment LP bought a new stake in Spire during the fourth quarter worth about $626,000. Finally, Martingale Asset Management L P increased its position in Spire by 15.9% in the fourth quarter. Martingale Asset Management L P now owns 113,523 shares of the utilities provider’s stock worth $7,328,000 after buying an additional 15,602 shares in the last quarter. Institutional investors own 74.51% of the company’s stock.
Shares of Spire (NYSE:SR) traded down 0.83% during midday trading on Friday, hitting $71.65. The stock had a trading volume of 161,210 shares. The firm has a 50 day moving average of $70.25 and a 200-day moving average of $66.73. The company has a market cap of $3.46 billion, a P/E ratio of 21.88 and a beta of 0.35. Spire has a one year low of $59.54 and a one year high of $72.82.
Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.37 by $0.01. Spire had a net margin of 8.87% and a return on equity of 8.66%. The firm had revenue of $663.40 million during the quarter, compared to analyst estimates of $662.43 million. During the same quarter last year, the business posted $2.37 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, analysts forecast that Spire will post $3.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th will be given a $0.525 dividend. The ex-dividend date of this dividend is Thursday, June 8th. This represents a $2.10 dividend on an annualized basis and a yield of 2.93%. Spire’s payout ratio is 64.02%.
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.
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