Spire Inc. (NYSE:SR)‘s stock had its “hold” rating reaffirmed by investment analysts at Stifel Nicolaus in a research report issued on Thursday. They presently have a $71.00 price objective on the utilities provider’s stock. Stifel Nicolaus’ price objective suggests a potential downside of 4.89% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Spire from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. Morgan Stanley lifted their price target on shares of Spire from $70.00 to $71.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $70.83.
Spire (NYSE:SR) opened at 74.65 on Thursday. The stock has a market cap of $3.60 billion, a PE ratio of 22.79 and a beta of 0.33. Spire has a 52 week low of $59.54 and a 52 week high of $74.85. The stock’s 50 day moving average is $70.85 and its 200 day moving average is $68.17.
Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.05. The firm had revenue of $323.50 million during the quarter, compared to analysts’ expectations of $293.99 million. Spire had a net margin of 8.87% and a return on equity of 8.66%. The business’s quarterly revenue was up 29.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. Analysts predict that Spire will post $3.53 EPS for the current year.
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A number of hedge funds and other institutional investors have recently modified their holdings of SR. Mosaic Family Wealth LLC increased its position in shares of Spire by 0.4% in the first quarter. Mosaic Family Wealth LLC now owns 4,873 shares of the utilities provider’s stock worth $329,000 after buying an additional 18 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of Spire by 0.3% in the second quarter. Teacher Retirement System of Texas now owns 11,042 shares of the utilities provider’s stock worth $770,000 after buying an additional 35 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of Spire by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,070 shares of the utilities provider’s stock worth $342,000 after buying an additional 100 shares in the last quarter. IFP Advisors Inc increased its position in shares of Spire by 2.4% in the first quarter. IFP Advisors Inc now owns 7,191 shares of the utilities provider’s stock worth $485,000 after buying an additional 170 shares in the last quarter. Finally, Cardinal Capital Management increased its position in shares of Spire by 1.2% in the first quarter. Cardinal Capital Management now owns 15,745 shares of the utilities provider’s stock worth $1,063,000 after buying an additional 191 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.
Spire Company Profile
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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