Zacks Research Has Optimistic Outlook of Spire Q1 Earnings

Spire Inc. (NYSE:SR) – Research analysts at Zacks Research raised their Q1 2025 earnings per share estimates for shares of Spire in a research note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $1.39 for the quarter, up from their previous estimate of $1.38. The consensus estimate for Spire’s current full-year earnings is $4.20 per share. Zacks Research also issued estimates for Spire’s FY2025 earnings at $4.52 EPS.

Several other brokerages have also recently weighed in on SR. Morgan Stanley lifted their price objective on shares of Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com lowered Spire from a “hold” rating to a “sell” rating in a research note on Thursday. Mizuho upped their target price on Spire from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. LADENBURG THALM/SH SH downgraded Spire from a “neutral” rating to a “sell” rating and dropped their price target for the company from $65.50 to $60.50 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company raised their target price on shares of Spire from $73.00 to $75.00 and gave the company an “equal weight” rating in a report on Thursday. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $68.31.

Spire Stock Up 3.2 %

SR stock opened at $70.59 on Thursday. Spire has a fifty-two week low of $56.36 and a fifty-two week high of $70.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.48 and a quick ratio of 0.35. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.00 and a beta of 0.52. The business’s fifty day moving average price is $65.63 and its two-hundred day moving average price is $63.71.

Spire Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 11th will be paid a $3.14 dividend. This represents a $12.56 dividend on an annualized basis and a dividend yield of 17.79%. This is a boost from Spire’s previous quarterly dividend of $0.76. The ex-dividend date is Wednesday, December 11th. Spire’s dividend payout ratio is presently 72.60%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SR. Geode Capital Management LLC grew its position in shares of Spire by 5.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,385,452 shares of the utilities provider’s stock valued at $93,244,000 after buying an additional 71,798 shares during the last quarter. Barclays PLC raised its stake in Spire by 127.8% during the third quarter. Barclays PLC now owns 109,372 shares of the utilities provider’s stock worth $7,360,000 after buying an additional 61,357 shares during the last quarter. Yaupon Capital Management LP lifted its holdings in Spire by 17.0% in the third quarter. Yaupon Capital Management LP now owns 132,075 shares of the utilities provider’s stock valued at $8,887,000 after buying an additional 19,190 shares during the period. iSAM Funds UK Ltd bought a new position in shares of Spire in the 3rd quarter worth about $643,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of Spire in the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 87.36% of the company’s stock.

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.