A number of other research firms have also recently weighed in on SR. Zacks Investment Research raised Spire from a hold rating to a buy rating and set a $80.00 price target on the stock in a report on Wednesday, January 10th. Hilliard Lyons upgraded shares of Spire to a buy rating in a research note on Friday, February 2nd. ValuEngine upgraded shares of Spire from a hold rating to a buy rating in a research note on Saturday, April 7th. Credit Suisse Group upgraded shares of Spire from a neutral rating to an outperform rating and lowered their price objective for the company from $68.25 to $68.00 in a research note on Monday, February 26th. Finally, Stifel Nicolaus reiterated a hold rating and set a $65.00 price objective on shares of Spire in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Spire has an average rating of Hold and an average target price of $71.43.
SR opened at $71.35 on Monday. The company has a market cap of $3,413.09, a PE ratio of 20.04, a price-to-earnings-growth ratio of 4.67 and a beta of 0.06. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.97. Spire has a twelve month low of $60.08 and a twelve month high of $82.85.
Spire (NYSE:SR) last released its quarterly earnings results on Thursday, February 1st. The utilities provider reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.13. The company had revenue of $561.80 million for the quarter, compared to analysts’ expectations of $516.16 million. Spire had a return on equity of 8.91% and a net margin of 12.86%. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 earnings per share. analysts anticipate that Spire will post 3.75 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 3rd. Investors of record on Monday, March 12th were paid a dividend of $0.563 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Friday, March 9th. This is a positive change from Spire’s previous quarterly dividend of $0.56. Spire’s dividend payout ratio (DPR) is currently 63.20%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. increased its stake in shares of Spire by 62.0% during the fourth quarter. Advisor Group Inc. now owns 2,635 shares of the utilities provider’s stock valued at $198,000 after acquiring an additional 1,008 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Spire by 52.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,780 shares of the utilities provider’s stock valued at $209,000 after acquiring an additional 955 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of Spire during the third quarter valued at approximately $219,000. Parametrica Management Ltd acquired a new position in shares of Spire during the fourth quarter valued at approximately $222,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Spire during the fourth quarter valued at approximately $227,000. Institutional investors and hedge funds own 82.88% of the company’s stock.
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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 customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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