JPMorgan Chase & Co. set a $72.00 price objective on Spire (NYSE:SR) in a research note issued to investors on Tuesday. The brokerage currently has a sell rating on the utilities provider’s stock.

A number of other research firms have also weighed in on SR. Morgan Stanley increased their price objective on Spire from $75.00 to $77.00 and gave the company a sell rating in a research note on Tuesday, September 11th. Zacks Investment Research raised Spire from a sell rating to a hold rating in a research note on Tuesday, September 11th. Guggenheim reissued a buy rating and set a $77.00 price objective on shares of Spire in a research note on Monday, July 23rd. Stifel Nicolaus increased their price objective on Spire from $71.00 to $73.00 and gave the company a hold rating in a research note on Tuesday, June 19th. Finally, Wells Fargo & Co raised Spire from a market perform rating to an outperform rating and increased their price objective for the company from $73.00 to $74.00 in a research note on Thursday, June 14th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $75.44.

Shares of SR opened at $71.62 on Tuesday. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 4.93 and a beta of 0.01. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 0.88. Spire has a 1 year low of $60.08 and a 1 year high of $82.85.

Spire (NYSE:SR) last issued its earnings results on Thursday, August 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.05. The business had revenue of $350.60 million during the quarter, compared to analyst estimates of $304.27 million. Spire had a return on equity of 9.36% and a net margin of 11.43%. Spire’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts anticipate that Spire will post 3.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Tuesday, September 11th were issued a dividend of $0.5625 per share. The ex-dividend date was Monday, September 10th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.14%. Spire’s dividend payout ratio is presently 63.20%.

Several institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its holdings in shares of Spire by 1.1% during the first quarter. Russell Investments Group Ltd. now owns 73,017 shares of the utilities provider’s stock valued at $5,279,000 after acquiring an additional 771 shares in the last quarter. First Midwest Bank Trust Division raised its holdings in shares of Spire by 13.2% during the second quarter. First Midwest Bank Trust Division now owns 6,751 shares of the utilities provider’s stock valued at $477,000 after acquiring an additional 786 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Spire by 17.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,346 shares of the utilities provider’s stock valued at $378,000 after acquiring an additional 787 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Spire by 5.3% during the second quarter. Metropolitan Life Insurance Co. NY now owns 15,839 shares of the utilities provider’s stock valued at $1,119,000 after acquiring an additional 795 shares in the last quarter. Finally, New York State Teachers Retirement System raised its holdings in shares of Spire by 0.9% during the second quarter. New York State Teachers Retirement System now owns 93,098 shares of the utilities provider’s stock valued at $6,577,000 after acquiring an additional 822 shares in the last quarter. Institutional investors own 82.49% of the company’s stock.

About Spire

Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

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Analyst Recommendations for Spire (NYSE:SR)

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