Spire Inc. (NYSE:SR) Given Consensus Rating of “Hold” by Brokerages

Spire Inc. (NYSE:SRGet Rating) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.33.

Several research analysts have issued reports on the company. Mizuho raised their target price on Spire from $74.00 to $77.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 25th. Morgan Stanley lowered their price objective on Spire from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Spire from $70.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. StockNews.com raised Spire from a “sell” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Sidoti cut Spire from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 13th.

Spire Price Performance

NYSE SR opened at $74.40 on Friday. The company has a market capitalization of $3.88 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 3.66 and a beta of 0.30. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.66 and a current ratio of 0.78. The stock has a 50-day moving average of $73.90 and a 200 day moving average of $71.05. Spire has a one year low of $59.60 and a one year high of $79.24.

Spire (NYSE:SRGet Rating) last announced its earnings results on Friday, May 6th. The utilities provider reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.08 by $0.34. The business had revenue of $880.90 million for the quarter, compared to analysts’ expectations of $849.50 million. Spire had a return on equity of 9.59% and a net margin of 10.94%. The business’s revenue for the quarter was down 20.3% on a year-over-year basis. During the same period last year, the firm posted $3.71 earnings per share. On average, sell-side analysts forecast that Spire will post 3.9 EPS for the current year.

Spire Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Friday, June 10th were issued a $0.685 dividend. The ex-dividend date was Thursday, June 9th. This represents a $2.74 dividend on an annualized basis and a yield of 3.68%. Spire’s dividend payout ratio is presently 67.65%.

Insider Buying and Selling

In other Spire news, Treasurer Adam W. Woodard sold 2,211 shares of Spire stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $74.35, for a total value of $164,387.85. Following the sale, the treasurer now owns 1,327 shares of the company’s stock, valued at approximately $98,662.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Steven P. Rasche bought 1,703 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average price of $24.09 per share, with a total value of $41,025.27. Following the transaction, the executive vice president now owns 9,500 shares in the company, valued at approximately $228,855. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Treasurer Adam W. Woodard sold 2,211 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $74.35, for a total value of $164,387.85. Following the transaction, the treasurer now directly owns 1,327 shares in the company, valued at approximately $98,662.45. The disclosure for this sale can be found here. 2.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire

Several large investors have recently modified their holdings of SR. EverSource Wealth Advisors LLC bought a new position in Spire in the 4th quarter valued at $33,000. Larson Financial Group LLC grew its position in Spire by 114.3% in the 4th quarter. Larson Financial Group LLC now owns 555 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 296 shares during the last quarter. Cohen & Steers Inc. grew its position in Spire by 31.8% in the 1st quarter. Cohen & Steers Inc. now owns 639 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 154 shares during the last quarter. Missouri Trust & Investment Co bought a new position in Spire in the 4th quarter valued at $52,000. Finally, Guardian Wealth Management Inc. bought a new position in Spire in the 4th quarter valued at $65,000. Institutional investors own 84.91% of the company’s stock.

About Spire

(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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