Analysts Set Spire Inc. (NYSE:SR) Target Price at $76.00

Spire Inc. (NYSE:SR - Get Free Report) has been assigned a consensus rating of "Hold" from the eleven research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $75.64.

Several research firms have recently issued reports on SR. Bank of America assumed coverage on Spire in a research report on Friday, December 13th. They issued a "neutral" rating and a $70.00 price target for the company. Guggenheim upped their target price on shares of Spire from $67.00 to $72.00 and gave the stock a "neutral" rating in a research note on Tuesday. LADENBURG THALM/SH SH upgraded shares of Spire to a "strong-buy" rating in a report on Monday, March 17th. Mizuho boosted their price objective on shares of Spire from $76.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, March 19th. Finally, Janney Montgomery Scott assumed coverage on Spire in a research note on Tuesday, December 17th. They set a "neutral" rating and a $73.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new position in Spire in the 4th quarter worth $27,000. GAMMA Investing LLC raised its stake in shares of Spire by 87.2% in the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider's stock worth $30,000 after buying an additional 204 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Spire during the 4th quarter valued at about $32,000. Larson Financial Group LLC grew its stake in shares of Spire by 1,318.4% during the 3rd quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 501 shares during the period. Finally, R Squared Ltd purchased a new stake in Spire in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 87.36% of the company's stock.

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Spire Stock Up 0.2 %

Shares of NYSE:SR traded up $0.16 during midday trading on Friday, reaching $78.91. The company's stock had a trading volume of 268,182 shares, compared to its average volume of 379,143. 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 firm has a 50 day moving average of $74.73 and a 200-day moving average of $69.85. The firm has a market capitalization of $4.60 billion, a P/E ratio of 19.11, a PEG ratio of 2.82 and a beta of 0.53. Spire has a 12-month low of $57.27 and a 12-month high of $86.00.

Spire (NYSE:SR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The utilities provider reported $1.34 earnings per share 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%. On average, research analysts anticipate that Spire will post 4.5 earnings per share for the current year.

Spire Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Tuesday, March 11th will be given a dividend of $0.785 per share. The ex-dividend date is Tuesday, March 11th. This represents a $3.14 annualized dividend and a yield of 3.98%. Spire's dividend payout ratio (DPR) is 76.03%.

Spire Company Profile

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.