Spire (SR) Stock Price, News & Analysis

Company Overview

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. In addition, the company engages in the operation of propane through its propane pipeline, risk management, and other activities. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in Saint Louis, Missouri.

Key Stats

• Today's Range: $66.27 to $67.11
• 50-Day Range: $62.24 to $73.39
• 52-Week Range: $56.36 to $73.64
• Volume: 106,434 shs
• Average Volume: 335,539 shs
• Market Capitalization: $3.88 billion
• P/E Ratio: 15.57
• Dividend Yield: 4.68%
• Price Target: $71.50
• Consensus Rating: Hold

Spire Stock Analysis - MarketRank™

Spire scored higher than 81% of companies evaluated by MarketBeat, and ranked 38th out of 92 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Spire has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Spire has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.74%

Earnings Growth

Earnings for Spire are expected to grow by 7.74% in the coming year, from $4.52 to $4.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Spire is 15.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.10.

Price to Earnings Ratio vs. Sector

The P/E ratio of Spire is 15.57, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.85.

Price to Earnings Growth Ratio

Spire has a PEG Ratio of 3.00. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Spire has a P/B Ratio of 1.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

2.77% of the outstanding shares of Spire have been sold short.

Short Interest Ratio / Days to Cover

Spire has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Spire has recently increased by 10.34%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Spire is a leading dividend payer. It pays a dividend yield of 4.71%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Spire has been increasing its dividend for 22 years.

Dividend Coverage

The dividend payout ratio of Spire is 72.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Spire will have a dividend payout ratio of 64.48% next year. This indicates that Spire will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.77% of the outstanding shares of Spire have been sold short.

Short Interest Ratio / Days to Cover

Spire has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Spire has recently increased by 10.34%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.76

News Sentiment

Spire has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.62 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Spire this week, compared to 6 articles on an average week.

Search Interest

15 people have searched for SR on MarketBeat in the last 30 days. This is an increase of 650% compared to the previous 30 days.

MarketBeat Follows

2 people have added Spire to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Balanced

Insider Buying vs. Insider Selling

In the past three months, Spire insiders have sold just slightly more of their company's stock than they have bought. Specifically, they have bought $73,610.00 in company stock and sold $77,590.00 in company stock. It is common for insiders to sell company stock at intervals simply to diversify their holdings.

Percentage Held by Insiders

Only 2.33% of the stock of Spire is held by insiders.

Percentage Held by Institutions

87.36% of the stock of Spire is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SR Stock Analysis - Frequently Asked Questions

How have SR shares performed this year?

Spire's stock was trading at $62.34 on January 1st, 2024. Since then, SR shares have increased by 7.7% and is now trading at $67.11.
View the best growth stocks for 2024 here.

How were Spire's earnings last quarter?

Spire Inc. (NYSE:SR) announced its earnings results on Wednesday, May, 1st. The utilities provider reported $3.45 EPS for the quarter, missing the consensus estimate of $3.86 by $0.41. The firm's revenue was up .5% compared to the same quarter last year.

Who are Spire's major shareholders?

Spire's top institutional investors include State Street Corp (5.46%), Geode Capital Management LLC (2.40%), Charles Schwab Investment Management Inc. (1.40%) and Wellington Management Group LLP (1.37%). Insiders that own company stock include Brenda D Newberry, Steven P Rasche, Maria V Fogarty, Gerard J Gorla, Joseph B Hampton, Adam W Woodard and Paul D Koonce.
View institutional ownership trends.

How do I buy shares of Spire?

Shares of SR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Spire own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Spire investors own include Tesla (TSLA), JPMorgan Chase & Co. (JPM), Meta Platforms (META), YETI (YETI), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Walmart (WMT).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 10/2 Dividend: 9/11/2024
• Dividend Payable: 10/02/2024
• Ex-Dividend for 1/3 Dividend: 12/11/2024
• Today: 12/26/2024
• Dividend Payable: 1/03/2025
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Natural gas distribution
• Sub-Industry: Utilities
• Current Symbol: NYSE:SR
• CUSIP: N/A
• CIK: 1126956
• Web: www.spireenergy.com
• Phone: (314) 342-0500
• Fax: 314-421-1979
• Employees: 3,475
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $71.50
• High Stock Price Target: $80.00
• Low Stock Price Target: $60.50
• Potential Upside/Downside: +6.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.11
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.31
• Trailing P/E Ratio: 15.57
• Forward P/E Ratio: 14.85
• P/E Growth: 3
• Net Income: $250.90 million
• Net Margins: 9.52%
• Pretax Margin: 11.94%
• Return on Equity: 8.10%
• Return on Assets: 2.27%

Debt

• Debt-to-Equity Ratio: 1.24
• Current Ratio: 0.45
• Quick Ratio: 0.30

Sales & Book Value

• Annual Sales: $2.59 billion
• Price / Sales: 1.50
• Cash Flow: $9.02 per share
• Price / Cash Flow: 7.44
• Book Value: $51.79 per share
• Price / Book: 1.30

Miscellaneous

• Outstanding Shares: 57,800,000
• Free Float: 56,105,000
• Market Cap: $3.88 billion
• Optionable: Optionable
• Beta: 0.57