JPMorgan Chase & Co. Issues Positive Forecast for Spire (NYSE:SR) Stock Price

Spire (NYSE:SR) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from $85.00 to $86.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 3.14% from the stock’s current price.

Several other analysts have also commented on the company. Wall Street Zen raised Spire from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Mizuho began coverage on Spire in a research report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 price target on the stock. Scotiabank initiated coverage on Spire in a research report on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 price target on the stock. BTIG Research reiterated a “buy” rating and set a $102.00 price objective on shares of Spire in a research note on Monday, September 21st. Finally, Huntington began coverage on Spire in a report on Monday, September 14th. They set an “outperform” rating and a $93.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.58.

Spire Price Performance

NYSE SR traded up $2.21 during trading on Tuesday, reaching $83.39. 61,290 shares of the company traded hands, compared to its average volume of 460,551. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.27 and a current ratio of 0.37. The stock’s 50 day moving average price is $80.60 and its two-hundred day moving average price is $82.96. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 9.30, a P/E/G ratio of 1.34 and a beta of 0.52. Spire has a 1-year low of $74.84 and a 1-year high of $95.31.

Spire (NYSE:SR) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.06. Spire had a return on equity of 8.65% and a net margin of 21.48%. The company had revenue of $420.20 million for the quarter, compared to analyst estimates of $394.62 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, analysts anticipate that Spire will post 4.00 EPS for the current year.

Hedge Funds Weigh In On Spire

Institutional investors have recently bought and sold shares of the business. Detalus Advisors LLC increased its holdings in shares of Spire by 2.3% during the 1st quarter. Detalus Advisors LLC now owns 6,200 shares of the utilities provider’s stock worth $561,000 after acquiring an additional 142 shares during the last quarter. BTC Capital Management Inc. raised its stake in Spire by 5.0% in the 1st quarter. BTC Capital Management Inc. now owns 3,719 shares of the utilities provider’s stock valued at $337,000 after acquiring an additional 177 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Spire by 15.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,411 shares of the utilities provider’s stock valued at $117,000 after purchasing an additional 188 shares during the last quarter. Royal Bank of Canada lifted its holdings in Spire by 1.2% during the 1st quarter. Royal Bank of Canada now owns 16,282 shares of the utilities provider’s stock valued at $1,475,000 after purchasing an additional 193 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Spire by 53.8% during the 3rd quarter. Versant Capital Management Inc now owns 655 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 229 shares during the last quarter. Institutional investors own 87.36% of the company’s stock.

About Spire

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.