Spire (SR) – Research Analysts’ Weekly Ratings Updates

Spire (NYSE: SR) has recently received a number of price target changes and ratings updates:

  • 5/16/2019 – Spire was given a new $80.00 price target on by analysts at Morgan Stanley. They now have a “sell” rating on the stock.
  • 5/10/2019 – Spire was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “
  • 5/7/2019 – Spire was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $96.00 price target on the stock. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “
  • 5/2/2019 – Spire had its price target raised by analysts at Wells Fargo & Co from $85.00 to $92.00. They now have an “outperform” rating on the stock.
  • 4/25/2019 – Spire was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “
  • 4/22/2019 – Spire was given a new $75.00 price target on by analysts at Credit Suisse Group AG. They now have a “sell” rating on the stock.
  • 4/20/2019 – Spire was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $91.00 price target on the stock. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “

Spire stock traded down $0.33 during mid-day trading on Tuesday, reaching $85.42. The stock had a trading volume of 129,700 shares, compared to its average volume of 356,915. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.59. Spire Inc has a fifty-two week low of $64.95 and a fifty-two week high of $87.13. The stock has a market capitalization of $4.37 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 6.10 and a beta of 0.23.

Spire (NYSE:SR) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.63 by $0.27. Spire had a return on equity of 8.05% and a net margin of 11.12%. The firm had revenue of $803.50 million during the quarter, compared to analysts’ expectations of $795.74 million. During the same quarter last year, the firm posted $2.83 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Research analysts forecast that Spire Inc will post 3.75 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 11th will be paid a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $2.37 dividend on an annualized basis and a yield of 2.77%. Spire’s dividend payout ratio (DPR) is presently 63.71%.

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Spire in the fourth quarter valued at $30,284,000. BlackRock Inc. raised its holdings in Spire by 3.6% during the fourth quarter. BlackRock Inc. now owns 7,593,934 shares of the utilities provider’s stock valued at $562,557,000 after acquiring an additional 261,819 shares during the period. American Century Companies Inc. raised its holdings in Spire by 6.1% during the first quarter. American Century Companies Inc. now owns 3,394,915 shares of the utilities provider’s stock valued at $279,368,000 after acquiring an additional 194,435 shares during the period. Bessemer Group Inc. grew its position in shares of Spire by 71.6% during the fourth quarter. Bessemer Group Inc. now owns 430,533 shares of the utilities provider’s stock valued at $31,894,000 after purchasing an additional 179,684 shares in the last quarter. Finally, Eagle Asset Management Inc. purchased a new position in shares of Spire during the first quarter valued at about $13,674,000. 82.30% of the stock is owned by hedge funds and other institutional investors.

Spire Inc, through 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 marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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