Zacks Research Has Positive Outlook of Spire FY2027 Earnings

Spire Inc. (NYSE:SR) – Research analysts at Zacks Research raised their FY2027 earnings estimates for Spire in a report released on Tuesday, January 28th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $5.14 per share for the year, up from their previous forecast of $5.10. The consensus estimate for Spire’s current full-year earnings is $4.51 per share.

Several other research analysts also recently weighed in on SR. Mizuho raised shares of Spire from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $65.00 to $76.00 in a report on Friday, December 20th. Bank of America started coverage on shares of Spire in a report on Friday, December 13th. They issued a “neutral” rating and a $70.00 target price for the company. Stifel Nicolaus dropped their target price on shares of Spire from $70.00 to $69.00 and set a “hold” rating for the company in a report on Friday, November 22nd. LADENBURG THALM/SH SH downgraded shares of Spire from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Finally, Janney Montgomery Scott began coverage on shares of Spire in a report on Tuesday, December 17th. They issued a “neutral” rating and a $73.00 target price for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.50.

Spire Stock Down 1.6 %

SR opened at $69.43 on Thursday. Spire has a twelve month low of $56.36 and a twelve month high of $73.64. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 2.65 and a beta of 0.57. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $69.04 and a 200-day moving average price of $66.74.

Institutional Trading of Spire

Hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. acquired a new position in shares of Spire during the 3rd quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in shares of Spire during the 4th quarter worth approximately $27,000. GAMMA Investing LLC increased its holdings in shares of Spire by 87.2% in the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 204 shares during the last quarter. Larson Financial Group LLC boosted its stake in Spire by 1,318.4% during the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock worth $36,000 after buying an additional 501 shares during the last quarter. Finally, R Squared Ltd purchased a new position in shares of Spire during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Insider Buying and Selling

In other Spire news, Director Paul D. Koonce purchased 1,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was bought at an average cost of $73.61 per share, for a total transaction of $73,610.00. Following the completion of the purchase, the director now owns 2,425 shares in the company, valued at $178,504.25. This represents a 70.18 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Adam W. Woodard sold 1,150 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $67.47, for a total transaction of $77,590.50. Following the sale, the treasurer now directly owns 2,587 shares in the company, valued at approximately $174,544.89. This represents a 30.77 % decrease in their position. The disclosure for this sale can be found here. 2.33% of the stock is owned by insiders.

Spire Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 11th were paid a $3.14 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $12.56 annualized dividend and a yield of 18.09%. This is a boost from Spire’s previous quarterly dividend of $0.76. Spire’s dividend payout ratio is 72.85%.

About Spire

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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.