Zacks Research Has Bullish Forecast for Spire Q1 Earnings

Spire Inc. (NYSE:SR) – Research analysts at Zacks Research upped their Q1 2025 EPS estimates for 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 of $1.39 per share for the quarter, up from their prior forecast 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 equities analysts have also recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Spire from $64.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, August 1st. UBS Group raised their price objective on Spire from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley increased their price target on shares of Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Mizuho boosted their price objective on shares of Spire from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, StockNews.com downgraded shares of Spire from a “hold” rating to a “sell” rating in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Spire currently has a consensus rating of “Hold” and an average target price of $68.31.

Spire Price Performance

NYSE SR opened at $70.59 on Thursday. The stock has a market capitalization of $4.08 billion, a P/E ratio of 16.97, a P/E/G ratio of 3.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.35 and a current ratio of 0.48. The business’s fifty day moving average is $65.63 and its two-hundred day moving average is $63.71. Spire has a 1 year low of $56.36 and a 1 year high of $70.73.

Spire Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be issued a $3.14 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $12.56 dividend on an annualized basis and a dividend yield of 17.79%. This is a positive change from Spire’s previous quarterly dividend of $0.76. Spire’s dividend payout ratio (DPR) is currently 72.60%.

Hedge Funds Weigh In On Spire

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its holdings in Spire by 7.2% during the first quarter. Russell Investments Group Ltd. now owns 63,966 shares of the utilities provider’s stock valued at $3,926,000 after purchasing an additional 4,271 shares during the period. Vanguard Group Inc. boosted its position in shares of Spire by 1.2% during the first quarter. Vanguard Group Inc. now owns 5,626,863 shares of the utilities provider’s stock worth $345,321,000 after buying an additional 65,486 shares during the period. Clearbridge Investments LLC bought a new position in shares of Spire during the first quarter worth about $2,401,000. American International Group Inc. increased its stake in Spire by 1.9% in the 1st quarter. American International Group Inc. now owns 98,081 shares of the utilities provider’s stock valued at $6,019,000 after buying an additional 1,818 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Spire by 6.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 88,763 shares of the utilities provider’s stock worth $5,450,000 after buying an additional 5,513 shares in the last quarter. 87.36% of the stock is currently owned by institutional investors and hedge funds.

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.