Spire Inc. (NYSE:SR) Given Average Rating of “Buy” by Brokerages

Spire Inc. (NYSE:SR) has been given an average recommendation of “Buy” by the twelve brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $77.57.

A number of equities research analysts recently weighed in on SR shares. Sidoti raised Spire from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Thursday, June 10th. Mizuho decreased their price objective on Spire from $78.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, July 1st. Morgan Stanley decreased their price objective on Spire from $79.00 to $78.00 and set an “equal weight” rating on the stock in a report on Thursday, August 19th. Zacks Investment Research downgraded Spire from a “buy” rating to a “hold” rating in a report on Thursday, August 19th. Finally, TheStreet downgraded Spire from a “b” rating to a “c+” rating in a report on Tuesday, September 7th.

Several large investors have recently bought and sold shares of SR. Cohen & Steers Inc. raised its position in Spire by 41.7% in the 1st quarter. Cohen & Steers Inc. now owns 520 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 153 shares during the last quarter. Parallel Advisors LLC raised its position in Spire by 37.6% in the 2nd quarter. Parallel Advisors LLC now owns 622 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 170 shares during the last quarter. Baird Financial Group Inc. raised its position in Spire by 0.7% in the 2nd quarter. Baird Financial Group Inc. now owns 25,411 shares of the utilities provider’s stock worth $1,836,000 after purchasing an additional 189 shares during the last quarter. Ethic Inc. raised its position in Spire by 7.6% in the 1st quarter. Ethic Inc. now owns 3,610 shares of the utilities provider’s stock worth $267,000 after purchasing an additional 256 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Spire by 13.7% in the 1st quarter. Public Employees Retirement System of Ohio now owns 2,456 shares of the utilities provider’s stock worth $181,000 after purchasing an additional 296 shares during the last quarter. Institutional investors own 83.05% of the company’s stock.

SR stock traded down $0.87 during trading on Tuesday, reaching $62.87. 348,583 shares of the stock were exchanged, compared to its average volume of 310,933. Spire has a twelve month low of $50.58 and a twelve month high of $77.95. The company has a market capitalization of $3.25 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 2.61 and a beta of 0.27. The stock has a 50 day simple moving average of $69.77 and a 200-day simple moving average of $72.37. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 1.20.

Spire (NYSE:SR) last released its earnings results on Thursday, August 5th. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. Spire had a return on equity of 10.87% and a net margin of 11.74%. The business had revenue of $327.80 million for the quarter, compared to the consensus estimate of $313.39 million. Equities analysts predict that Spire will post 4.42 EPS for the current year.

The company also recently announced a dividend, which will be paid on Saturday, October 2nd. Stockholders of record on Friday, September 10th will be paid a $0.65 dividend. The ex-dividend date is Thursday, September 9th. This represents a dividend yield of 3.85%. This is a boost from Spire’s previous dividend of $0.62. Spire’s payout ratio is 69.15%.

Spire Company Profile

Spire Inc operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the following business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.

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Analyst Recommendations for Spire (NYSE:SR)

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