FY2027 Earnings Forecast for Spire Issued By Zacks Research

Spire Inc. (NYSE:SR) – Stock analysts at Zacks Research raised their FY2027 earnings estimates for shares of Spire in a research report issued to clients and investors on Tuesday, January 28th. Zacks Research analyst R. Department now forecasts that the utilities provider will post earnings of $5.14 per share for the year, up from their prior estimate of $5.10. The consensus estimate for Spire’s current full-year earnings is $4.51 per share.

Several other equities analysts have also recently weighed in on the stock. UBS Group increased their price objective on shares of Spire from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. StockNews.com lowered Spire from a “hold” rating to a “sell” rating in a research note on Sunday, January 19th. Stifel Nicolaus decreased their target price on Spire from $70.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Mizuho raised Spire from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $65.00 to $76.00 in a report on Friday, December 20th. Finally, Wells Fargo & Company raised their price objective on Spire from $73.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Spire presently has an average rating of “Hold” and an average target price of $71.50.

Spire Stock Performance

Shares of SR opened at $71.68 on Thursday. Spire has a one year low of $56.36 and a one year high of $73.64. The business has a fifty day moving average of $69.06 and a 200 day moving average of $66.76. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.45 and a quick ratio of 0.30. The firm has a market capitalization of $4.14 billion, a P/E ratio of 16.63, a PEG ratio of 2.65 and a beta of 0.57.

Spire Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.785 per share. This represents a $3.14 dividend on an annualized basis and a yield of 4.38%. Spire’s dividend payout ratio (DPR) is currently 72.85%.

Insider Activity

In other news, Director Paul D. Koonce acquired 1,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of $73.61 per share, with a total value of $73,610.00. Following the acquisition, the director now directly owns 2,425 shares of the company’s stock, valued at approximately $178,504.25. The trade was a 70.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Adam W. Woodard sold 1,150 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $67.47, for a total value of $77,590.50. Following the transaction, the treasurer now owns 2,587 shares of the company’s stock, valued at $174,544.89. This represents a 30.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.33% of the company’s stock.

Institutional Investors Weigh In On Spire

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. bought a new stake in shares of Spire in the 3rd quarter worth about $25,000. Golden State Wealth Management LLC purchased a new position in Spire in the fourth quarter worth about $27,000. GAMMA Investing LLC increased its stake in Spire by 87.2% during the fourth quarter. GAMMA Investing LLC now owns 438 shares of the utilities provider’s stock worth $30,000 after acquiring an additional 204 shares during the last quarter. Larson Financial Group LLC raised its position in Spire by 1,318.4% during the third quarter. Larson Financial Group LLC now owns 539 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 501 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Spire in the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors 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.