Spire (NYSE:SR - Free Report) had its price target increased by Mizuho from $76.00 to $82.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the utilities provider's stock.
A number of other equities analysts have also issued reports on SR. UBS Group increased their price objective on Spire from $75.00 to $80.00 and gave the stock a "buy" rating in a report on Thursday, November 21st. Morgan Stanley decreased their price objective on Spire from $77.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. LADENBURG THALM/SH SH raised Spire to a "strong-buy" rating in a report on Monday, March 17th. Janney Montgomery Scott initiated coverage on Spire in a report on Tuesday, December 17th. They issued a "neutral" rating and a $73.00 price objective for the company. Finally, StockNews.com raised Spire from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Seven research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Spire currently has a consensus rating of "Hold" and a consensus target price of $76.00.
View Our Latest Stock Report on Spire
Spire Stock Performance
SR stock traded down $1.10 during midday trading on Wednesday, reaching $76.31. The company had a trading volume of 898,892 shares, compared to its average volume of 345,944. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.21. The stock has a 50 day moving average price of $73.30 and a 200 day moving average price of $69.20. Spire has a fifty-two week low of $57.27 and a fifty-two week high of $78.83. The firm has a market capitalization of $4.45 billion, a PE ratio of 18.48, a P/E/G ratio of 2.82 and a beta of 0.53.
Spire (NYSE:SR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.42 by ($0.08). Spire had a return on equity of 7.88% and a net margin of 9.70%. Analysts anticipate that Spire will post 4.5 earnings per share for the current year.
Spire Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th will be given a $0.785 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $3.14 dividend on an annualized basis and a yield of 4.11%. Spire's dividend payout ratio (DPR) is 76.03%.
Institutional Investors Weigh In On Spire
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Spire by 19.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,989 shares of the utilities provider's stock valued at $338,000 after acquiring an additional 815 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Spire by 2.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 193,065 shares of the utilities provider's stock valued at $13,096,000 after acquiring an additional 5,454 shares during the last quarter. Zimmer Partners LP acquired a new stake in shares of Spire during the 4th quarter valued at $30,083,000. iSAM Funds UK Ltd lifted its position in shares of Spire by 2.5% during the 4th quarter. iSAM Funds UK Ltd now owns 9,798 shares of the utilities provider's stock valued at $665,000 after acquiring an additional 239 shares during the last quarter. Finally, Sourcerock Group LLC acquired a new stake in shares of Spire during the 4th quarter valued at $12,567,000. Institutional investors and hedge funds own 87.36% of the company's stock.
Spire Company Profile
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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.
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