Research Analysts Set Expectations for Spire Q1 Earnings

Spire Inc. (NYSE:SR) – Zacks Research upped their Q1 2025 earnings 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 earn $1.39 per share for the quarter, up from their previous 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.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus increased their price objective on shares of Spire from $64.00 to $70.00 and gave the company a “hold” rating in a report on Thursday, August 1st. Mizuho increased their target price on shares of Spire from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. LADENBURG THALM/SH SH lowered shares of Spire from a “neutral” rating to a “sell” rating and cut their target price for the stock from $65.50 to $60.50 in a report on Thursday, October 17th. Morgan Stanley raised their price objective on shares of Spire from $70.00 to $76.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Wells Fargo & Company raised their price objective on shares of Spire from $72.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $66.56.

Spire Trading Up 0.7 %

Shares of NYSE SR opened at $68.39 on Thursday. The company’s 50 day simple moving average is $65.56 and its 200 day simple moving average is $63.68. Spire has a fifty-two week low of $56.36 and a fifty-two week high of $68.44. The firm has a market capitalization of $3.95 billion, a P/E ratio of 16.44, 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 current ratio of 0.48 and a quick ratio of 0.35.

Spire Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 11th will be given a $3.14 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $12.56 dividend on an annualized basis and a yield of 18.37%. This is an increase from Spire’s previous quarterly dividend of $0.76. Spire’s dividend payout ratio (DPR) is 72.60%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SR. Captrust Financial Advisors bought a new position in shares of Spire in the 3rd quarter valued at about $39,228,000. Assenagon Asset Management S.A. boosted its holdings in shares of Spire by 197.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 162,195 shares of the utilities provider’s stock worth $9,850,000 after buying an additional 107,662 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Spire by 290.9% during the 2nd quarter. AQR Capital Management LLC now owns 130,827 shares of the utilities provider’s stock worth $7,877,000 after buying an additional 97,358 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Spire by 8.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 944,387 shares of the utilities provider’s stock worth $57,351,000 after buying an additional 72,119 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Spire by 5.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,385,452 shares of the utilities provider’s stock worth $93,244,000 after buying an additional 71,798 shares during the period. 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.