Shares of Spire Inc. (NYSE:SR – Get Free Report) have been given an average recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $64.88.
Several equities research analysts have commented on the stock. TheStreet lowered shares of Spire from a “b” rating to a “c+” rating in a report on Wednesday, August 2nd. Royal Bank of Canada decreased their price objective on shares of Spire from $67.00 to $66.00 and set a “sector perform” rating for the company in a research report on Wednesday, September 6th. Wells Fargo & Company decreased their price objective on shares of Spire from $71.00 to $64.00 in a research report on Thursday, August 3rd. Mizuho upgraded shares of Spire from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $71.00 to $66.00 in a research report on Friday, September 29th. Finally, StockNews.com upgraded shares of Spire to a “sell” rating in a research report on Friday, October 13th.
Insider Buying and Selling at Spire
Hedge Funds Weigh In On Spire
Hedge funds have recently made changes to their positions in the stock. Duality Advisers LP purchased a new position in shares of Spire during the 1st quarter worth approximately $270,000. Dean Investment Associates LLC boosted its position in Spire by 17.5% in the 2nd quarter. Dean Investment Associates LLC now owns 60,824 shares of the utilities provider’s stock valued at $3,859,000 after buying an additional 9,054 shares during the period. Janney Montgomery Scott LLC boosted its position in Spire by 60.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 10,129 shares of the utilities provider’s stock valued at $643,000 after buying an additional 3,800 shares during the period. Barclays PLC boosted its position in Spire by 78.9% in the 2nd quarter. Barclays PLC now owns 87,868 shares of the utilities provider’s stock valued at $5,573,000 after buying an additional 38,765 shares during the period. Finally, IFM Investors Pty Ltd purchased a new position in Spire in the 2nd quarter valued at approximately $401,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.
Spire Price Performance
Shares of SR opened at $59.91 on Thursday. Spire has a 1-year low of $53.77 and a 1-year high of $75.83. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.56 and a quick ratio of 0.40. The firm has a market capitalization of $3.15 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 3.30 and a beta of 0.50. The company’s fifty day moving average price is $57.71 and its 200-day moving average price is $61.54.
Spire Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Monday, December 11th will be issued a $0.755 dividend. This is an increase from Spire’s previous quarterly dividend of $0.72. The ex-dividend date is Friday, December 8th. This represents a $3.02 dividend on an annualized basis and a yield of 5.04%. Spire’s dividend payout ratio is presently 66.82%.
Spire Company Profile
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 through two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas.
- Five stocks we like better than Spire
- Where to Find Earnings Call Transcripts
- 3 value stocks you shouldn’t let go of this quarter
- Dividend Capture Strategy: What You Need to Know
- 5 must-have next-gen technologies that institutions are buying
- How to Buy Gold Stock and Invest in Gold
- 3 intriguing late-week earnings plays for short-term traders
Receive News & Ratings for Spire Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire and related companies with MarketBeat.com's FREE daily email newsletter.