Spire (NYSE:SR) Downgraded to “Neutral” at Sidoti

Spire (NYSE:SRGet Rating) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a report issued on Wednesday, The Fly reports.

Several other brokerages have also recently commented on SR. TheStreet upgraded Spire from a “c+” rating to a “b” rating in a report on Monday, March 7th. Guggenheim cut shares of Spire from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Thursday, January 20th. StockNews.com began coverage on shares of Spire in a research report on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research cut Spire from a “hold” rating to a “sell” rating and set a $80.00 target price for the company. in a research note on Tuesday. Finally, Mizuho lowered Spire from a “buy” rating to a “neutral” rating and set a $68.00 price target on the stock. in a research note on Wednesday, January 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.22.

NYSE:SR traded down $1.27 during trading hours on Wednesday, reaching $74.58. The company had a trading volume of 5,503 shares, compared to its average volume of 359,875. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 3.69 and a beta of 0.32. The business has a 50-day simple moving average of $67.93. Spire has a one year low of $59.60 and a one year high of $77.95. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.32.

Spire (NYSE:SRGet Rating) last announced its earnings results on Wednesday, February 2nd. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.17). The firm had revenue of $555.40 million for the quarter, compared to analyst estimates of $548.70 million. Spire had a return on equity of 10.13% and a net margin of 10.29%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.42 EPS. As a group, equities research analysts predict that Spire will post 3.89 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its holdings in shares of Spire by 0.5% in the fourth quarter. Amalgamated Bank now owns 34,295 shares of the utilities provider’s stock valued at $2,237,000 after purchasing an additional 178 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Spire by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 42,548 shares of the utilities provider’s stock valued at $2,775,000 after acquiring an additional 217 shares in the last quarter. Profund Advisors LLC grew its holdings in shares of Spire by 4.1% in the 4th quarter. Profund Advisors LLC now owns 5,854 shares of the utilities provider’s stock valued at $382,000 after acquiring an additional 230 shares in the last quarter. Eaton Vance Management increased its position in shares of Spire by 7.7% in the fourth quarter. Eaton Vance Management now owns 3,606 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 257 shares during the last quarter. Finally, Larson Financial Group LLC raised its holdings in Spire by 114.3% during the fourth quarter. Larson Financial Group LLC now owns 555 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 296 shares in the last quarter. 81.86% of the stock is owned by institutional investors and hedge funds.

Spire Company Profile (Get Rating)

Spire Inc, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.

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