Spire (NYSE:SR) Coverage Initiated at Huntington

Stock analysts at Huntington initiated coverage on shares of Spire (NYSE:SR) in a report released on Monday, MarketBeat.com reports. The firm set an “outperform” rating and a $93.00 price target on the utilities provider’s stock. Huntington’s target price would suggest a potential upside of 15.90% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings upgraded shares of Spire from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Wolfe Research started coverage on shares of Spire in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Mizuho started coverage on shares of Spire in a research report on Tuesday, July 7th. They set an “outperform” rating and a $88.00 target price on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $85.00 target price (up from $84.00) on shares of Spire in a report on Friday, June 26th. Finally, BTIG Research set a $101.00 price target on Spire in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.91.

Spire Stock Up 0.1%

Shares of SR stock traded up $0.04 during trading hours on Monday, reaching $80.24. The company had a trading volume of 7,093 shares, compared to its average volume of 454,803. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 1.79 and a beta of 0.54. The business has a fifty day simple moving average of $81.81 and a 200-day simple moving average of $85.22. Spire has a 12 month low of $74.81 and a 12 month high of $95.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.27.

Spire (NYSE:SR) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The firm had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, research analysts expect that Spire will post 4.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SR. Renaissance Technologies LLC purchased a new position in shares of Spire in the first quarter worth about $3,631,000. Quantinno Capital Management LP raised its position in shares of Spire by 104.7% in the first quarter. Quantinno Capital Management LP now owns 45,257 shares of the utilities provider’s stock valued at $4,098,000 after purchasing an additional 23,149 shares during the period. South Street Advisors LLC purchased a new stake in shares of Spire during the 4th quarter valued at approximately $15,213,000. Hsbc Holdings PLC bought a new position in Spire in the 4th quarter worth approximately $1,490,000. Finally, Hennessy Advisors Inc. boosted its holdings in Spire by 15.7% in the 2nd quarter. Hennessy Advisors Inc. now owns 60,441 shares of the utilities provider’s stock worth $4,720,000 after buying an additional 8,200 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

About Spire

Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company’s utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

The company traces its history to 1857, when it was established as Laclede Gas Company.