Other analysts also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of Spire from $68.00 to $72.00 and gave the stock an underweight rating in a report on Monday. ValuEngine downgraded shares of Spire from a buy rating to a hold rating in a report on Friday, April 13th. Zacks Investment Research raised shares of Spire from a hold rating to a buy rating and set a $82.00 price objective for the company in a report on Friday, April 6th. Bank of America reaffirmed a buy rating and set a $75.00 price objective on shares of Spire in a report on Monday, March 26th. Finally, Credit Suisse Group raised shares of Spire from a neutral rating to an outperform rating and decreased their price objective for the stock from $68.25 to $68.00 in a report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $71.43.
SR stock opened at $70.60 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $3,449.35, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 4.72 and a beta of 0.06. Spire has a 12 month low of $60.08 and a 12 month high of $82.85.
Spire (NYSE:SR) last posted its earnings results on Thursday, February 1st. The utilities provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.13. The company had revenue of $561.80 million during the quarter, compared to the consensus estimate of $516.16 million. Spire had a net margin of 12.86% and a return on equity of 8.91%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. equities research analysts predict that Spire will post 3.75 EPS for the current fiscal year.
The business also recently announced 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 is a boost from Spire’s previous quarterly dividend of $0.56. This represents a $2.25 annualized dividend and a yield of 3.19%. The ex-dividend date was Friday, March 9th. Spire’s dividend payout ratio is presently 63.20%.
A number of large investors have recently added to or reduced their stakes in the stock. Green Square Capital LLC raised its stake in Spire by 155.5% during the 4th quarter. Green Square Capital LLC now owns 10,995 shares of the utilities provider’s stock valued at $832,000 after purchasing an additional 6,692 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Spire by 42.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 4,841 shares of the utilities provider’s stock valued at $364,000 after purchasing an additional 1,433 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Spire during the 4th quarter valued at $1,622,000. Metropolitan Life Insurance Co. NY acquired a new position in Spire during the 4th quarter valued at $1,100,000. Finally, Macquarie Group Ltd. raised its stake in Spire by 9.5% during the 4th quarter. Macquarie Group Ltd. now owns 728,873 shares of the utilities provider’s stock valued at $56,894,000 after purchasing an additional 63,030 shares during the last quarter. Hedge funds and other institutional investors 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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