Zacks Research Issues Optimistic Forecast for Spire Earnings

Spire Inc. (NYSE:SR) – Zacks Research lifted their Q1 2025 earnings per share estimates for Spire in a 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 prior 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.

Other analysts have also issued reports about the stock. Wells Fargo & Company upped their price target on shares of Spire from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Thursday. StockNews.com downgraded shares of Spire from a “hold” rating to a “sell” rating in a research note on Thursday. LADENBURG THALM/SH SH cut Spire from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. UBS Group upped their price objective on Spire from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Mizuho lifted their target price on Spire from $62.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $68.06.

Spire Stock Performance

Shares of SR opened at $72.55 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt-to-equity ratio of 1.11. Spire has a 12 month low of $56.36 and a 12 month high of $72.71. The firm has a fifty day simple moving average of $65.74 and a 200 day simple moving average of $63.76. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 3.00 and a beta of 0.52.

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 issued a dividend of $3.14 per share. This is a boost from Spire’s previous quarterly dividend of $0.76. This represents a $12.56 annualized dividend and a dividend yield of 17.31%. The ex-dividend date is Wednesday, December 11th. Spire’s payout ratio is 72.60%.

Hedge Funds Weigh In On Spire

A number of hedge funds have recently modified their holdings of SR. Meeder Asset Management Inc. acquired a new stake in Spire during the third quarter worth approximately $25,000. International Assets Investment Management LLC acquired a new stake in shares of Spire during the 2nd quarter worth approximately $31,000. Larson Financial Group LLC increased its stake in shares of Spire by 1,318.4% in 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 in the last quarter. LRI Investments LLC acquired a new position in shares of Spire during the 1st quarter valued at $35,000. Finally, Blue Trust Inc. boosted its stake in Spire by 26.8% during the second quarter. Blue Trust Inc. now owns 761 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 161 shares in the last quarter. 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.