Latest news for Spire (NYSE:SR) Stock

Spire

Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.

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Sempra Energy (NYSE: SRE) reported second-quarter 2024 adjusted earnings per share of 89 cents, which missed the Zacks Consensus Estimate of 92 cents by 3.3%. The figure also declined 5.3% from earnings of 94 cents per share in the prior-year quarter.

Sempra Q2 Earnings Miss Estimates, Revenues Decline Y/Y

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Wall Street&#39;s Most Accurate Analysts&#39; Views On 3 Utilities Stocks With Over 4% Dividend Yields

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<p><strong>Sempra Energy</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sre#NYSE">SRE</a>) reported second-quarter 2024 adjusted earnings per share of 89 cents, which missed the Zacks Consensus Estimate of 92 cents by 3.3%. The figure also declined 5.3% from earnings of 94 cents per share in the prior-year quarter.</p>
<p>Including one-time items, the company generated GAAP earnings of $1.12 per share compared with 95 cents in the second quarter of 2023.</p>
<h3>Total Revenues</h3>
<p>Sempra&#39;s total revenues of $3.01 billion declined 9.79% from $3.34 billion in the year-ago quarter. This was due to lower revenue contributions from the Natural gas and Energy-related business units. The top line also missed the Zacks Consensus Estimate of $3.52 billion by 14.5%.</p>
<div class="chart_embed">
<h3>Sempra Energy Price, Consensus and EPS Surprise <a href="https://www.zacks.com/stock/chart/SRE/price-consensus-eps-surprise-chart?icid=chart-SRE-price-consensus-eps-surprise-chart"> </a></h3>
<h3><img alt="Sempra Energy Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/22/1722956149.png" style="height:286px; width:620px" title="" /></h3>
<p>Sempra Energy price-consensus-eps-surprise-chart | Sempra Energy Quote</p>
</div>
<h3>Segmental Update</h3>
<p><strong>Sempra California</strong>: Quarterly earnings amounted to $316 million compared with the year-ago quarter&#39;s level of $339 million.</p>
<p><strong>Sempra Texas Utility</strong>: Earnings in this segment improved from $160 million in the year-ago quarter to $202 million.</p>
<p><strong>Sempra Infrastructure</strong>: The segment recorded earnings of $291 million compared with $208 million in the year-ago quarter.</p>
<p><strong>Parent and Other</strong>: The segment reported a loss of $96 million, narrower than the prior-year period&#39;s loss of $104 million.</p>
<h3>Financial Update</h3>
<p>As of Jun 30, 2024, Sempra&#39;s cash and cash equivalents totaled $228 million compared with $236 million as of Dec 31, 2023.</p>
<p>Long-term debt and finance leases amounted to $28.97 billion as of Jun 30, compared with $27.76 billion as of Dec 31, 2023.</p>
<p>Cash flow from operating activities decreased from $3.74 billion in the first six months of 2023 to $2.52 billion in the first six months of 2024.</p>
<h3>Guidance</h3>
<p>Sempra anticipates its 2024 earnings to be in the range of $4.60-$4.90 per share. The Zacks Consensus Estimate is pegged at $4.79 per share, higher than the midpoint of the company&#39;s guided range.</p>
<p>SRE expects its 2025 earnings to be in range of $4.90-$5.25 per share. The consensus estimate is pegged at $5.13 per share, higher than the midpoint of the company&#39;s guided range.</p>
<p>It still expects a long-term EPS growth rate of 6-8%.</p>
<h3>Zacks Rank</h3>
<p>Sempra currently carries a Zacks Rank #2 (Buy).</p>
<h3>Recent Utility Releases</h3>
<p><strong>Spire Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sr#NYSE">SR</a>) reported third-quarter fiscal 2024 loss of 14 cents per share, narrrower than the Zacks Consensus Estimate of a loss of 18 cents per share by 0.4%. The company&#39;s bottom line improved 66.7% from a loss of 42 cents per share reported in the prior-year quarter.</p>
<p>The Zacks Consensus Estimate for SR&#39;s fiscal 2024 EPS is pegged at $4.28, implying an improvement of 5.7% from the year-earlier level.</p>
<p><strong>Dominion Energy, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/d#NYSE">D</a>) reported second-quarter EPS of 55 cents, which lagged the Zacks Consensus Estimate of 58 cents by 5.2%. The figure increased 3.8% from earnings of 53 cents per share reported in the prior-year quarter.</p>
<p>The Zacks Consensus Estimate for Dominion&#39;s 2024 EPS is pegged at $2.75, implying an improvement of 38.2% from the year-earlier levels.</p>
<p><strong>IDACORP, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ida#NYSE">IDA</a>) reported second-quarter EPS of $1.71, which beat the Zacks Consensus Estimate of $1.37 by 24.8%. The figure increased 26.7% from earnings of $1.35 per share reported in the prior-year quarter.</p>
<p>The Zacks Consensus Estimate for IDA&#39;s 2024 EPS is pegged at $5.37, implying an improvement of 4.5% from the year-earlier level.</p>
<p><a href="https://www.zacks.com/stock/news/2317221/sempra-sre-q2-earnings-miss-estimates-revenues-decline-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2317221">To read this article on Zacks.com click here.</a></p>


<p>Stifel  analyst Selman Akyol   maintains Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Hold and raises the price target from $64 to $70.</p>


Stifel Maintains Hold on Spire, Raises Price Target to $70

<p>Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) reported quarterly losses of $(0.14) per share which beat the analyst consensus estimate of $(0.18) by 22.22 percent.  The company reported quarterly sales of $414.100 million which beat the analyst consensus estimate of $262.493 million by 57.76 percent.  This is a 1.05 percent decrease over sales of $418.500 million the same period last year.</p>


Earnings Beats

Spire Q3 2024 Adj. EPS $(0.14) Beats $(0.18) Estimate, Sales $414.100M Beat $262.493M Estimate

<p>Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) in the last three months.</p>
<p>In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $64.21, a high estimate of $68.00, and a low estimate of $57.50. This current average represents a 0.83% decrease from the previous average price target of $64.75. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1719262871_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The analysis of recent analyst actions sheds light on the perception of Spire by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$64.00</td>
<td>$67.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$67.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$66.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Neutral</td>
<td>$57.50</td>
<td>-</td>
</tr>
<tr>
<td>Shelby Tucker</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$68.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spire. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Spire compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Spire's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Spire's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spire analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Spire</h2>
<p>Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.</p>
<h3>Financial Insights: Spire</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Positive Revenue Trend:</strong> Examining Spire's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of <strong>0.45%</strong> as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>17.75%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> Spire's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>6.72%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Spire's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of <strong>1.88%,</strong> the company may face hurdles in achieving optimal financial returns.</p>
<p><strong>Debt Management:</strong> Spire's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>1.43</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>The Significance of Analyst Ratings Explained</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


7 Analysts Assess Spire: What You Need To Know

<p>Morgan Stanley  analyst Stephen Byrd   maintains Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Equal-Weight and lowers the price target from $67 to $64.</p>


Morgan Stanley Maintains Equal-Weight on Spire, Lowers Price Target to $64

<p>During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.</p>
<p>Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.</p>
<p>Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector.</p>
<h3 class="wp-block-heading"><strong>Northwest Natural Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 5.19%</li>
<li><strong>Stifel </strong>analyst Selman Akyol maintained a Buy rating and raised the price target from $39 to $40 on May 7. This analyst has an accuracy rate of 69%.</li>
<li><strong>Janney Montgomery Scott </strong>analyst Michael Gaugler initiated coverage on the stock with a Neutral rating and a price target of $39 on Jan. 31. This analyst has an accuracy rate of 74%.</li>
<li><strong>Recent News:</strong> On May 23, NW Natural CEO David H. Anderson announced his intent to retire on April 1, 2025.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1">latest Northwest Natural's news</a></li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="679" height="748" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052303/Screenshot-2024-06-04-at-2.52.57-PM.png" alt="" class="wp-image-369360" style="width:462px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052303/Screenshot-2024-06-04-at-2.52.57-PM.png 679w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052303/Screenshot-2024-06-04-at-2.52.57-PM-272x300.png 272w" sizes="(max-width: 679px) 100vw, 679px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Dominion Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>)</strong></h3>
<ul>
<li><strong>Dividend Yield:</strong> 4.97%</li>
<li><strong>B of A Securities </strong>analyst Julien Dumoulin-Smith upgraded the stock from Underperform to Neutral and increased the price target from $43 to $54 on May 10. This analyst has an accuracy rate of 69%.</li>
<li><strong>BMO Capital </strong>analyst James Thalacker maintained a Market Perform rating and boosted the price target from $51 to $52 on May 6. This analyst has an accuracy rate of 68%.</li>
<li><strong>Recent News:</strong> On May 7, Dominion Energy declares quarterly dividend of 66.75 cents per share.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1">Benzinga Pro's charting tool</a> helped identify the trend in Dominion Energy's stock.</li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="691" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052358/Screenshot-2024-06-04-at-2.53.52-PM.png" alt="" class="wp-image-369361" style="width:512px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052358/Screenshot-2024-06-04-at-2.53.52-PM.png 691w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052358/Screenshot-2024-06-04-at-2.53.52-PM-276x300.png 276w" sizes="(max-width: 691px) 100vw, 691px" /></a></figure></p>
<h3 class="wp-block-heading"><strong>Spire Inc </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>)</h3>
<ul>
<li><strong>Dividend Yield:</strong> 4.93%</li>
<li><strong>Wells Fargo </strong>analyst Sarah Akers maintained an Equal-Weight rating and raised the price target from $64 to $66 on May 2. This analyst has an accuracy rate of 68%.</li>
<li><strong>Mizuho </strong>analyst GabrielMoreendowngraded the stock from Buy to Neutral and slashed the price target from $64 to $62 on May 2. This analyst has an accuracy rate of 70%.</li>
<li><strong>Recent News:</strong> On May 1, Spire posted weaker-than-expected quarterly results.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1">breakout in Spire shares</a>.</li>
</ul>
<p><figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent060424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="663" height="754" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052450/Screenshot-2024-06-04-at-2.54.44-PM.png" alt="" class="wp-image-369363" style="width:475px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052450/Screenshot-2024-06-04-at-2.54.44-PM.png 663w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/04052450/Screenshot-2024-06-04-at-2.54.44-PM-264x300.png 264w" sizes="(max-width: 663px) 100vw, 663px" /></a></figure></p>
<p>Read More: <a href="https://www.youtube.com/watch?v=pVF0O2lsEH4">How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro</a></p>


Wall Street's Most Accurate Analysts' Views On 3 Utilities Stocks With Over 4% Dividend Yields

<p>In the last three months, 6 analysts have published ratings on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>), offering a diverse range of perspectives from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $64.25, a high estimate of $68.00, and a low estimate of $57.50. Surpassing the previous average price target of $64.00, the current average has increased by 0.39%.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716926469_0.png" alt="price target chart" /></p>
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
<p>The standing of Spire among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$67.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$66.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Neutral</td>
<td>$57.50</td>
<td>-</td>
</tr>
<tr>
<td>Shelby Tucker</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$68.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Spire. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Spire compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts navigate through adjustments in price targets, providing estimates for Spire's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Spire's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spire analyst ratings.</strong></a></p>
<h2>All You Need to Know About Spire</h2>
<p>Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.</p>
<h3>Understanding the Numbers: Spire's Finances</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Negative Revenue Trend:</strong> Examining Spire's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately <strong>-7.05%</strong> in revenue growth, reflecting a decrease in top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Spire's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>10.75%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Spire's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of <strong>2.96%,</strong> the company may face hurdles in generating optimal returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Spire's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>0.78%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Spire's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>1.69</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>Understanding the Relevance of Analyst Ratings</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Forecasting The Future: 6 Analyst Projections For Spire

<p>Morgan Stanley  analyst Stephen Byrd   maintains Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Equal-Weight and raises the price target from $64 to $67.</p>


Morgan Stanley Maintains Equal-Weight on Spire, Raises Price Target to $67

<p>Wells Fargo  analyst Sarah Akers   maintains Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Equal-Weight and raises the price target from $64 to $66.</p>


Wells Fargo Maintains Equal-Weight on Spire, Raises Price Target to $66

<p>Analysts' ratings for Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.</p>
<p>The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $63.12, a high estimate of $68.00, and a low estimate of $57.50. A decline of 1.38% from the prior average price target is evident in the current average. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714651248_0.png" alt="price target chart" /></p>
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
<p>The perception of Spire by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$62.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Paul Fremont</td>
<td>Ladenburg Thalmann</td>
<td>Announces</td>
<td>Neutral</td>
<td>$57.50</td>
<td>-</td>
</tr>
<tr>
<td>Shelby Tucker</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$65.00</td>
<td>-</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Announces</td>
<td>Buy</td>
<td>$68.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Spire. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Spire compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Spire's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Capture valuable insights into Spire's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/SR/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Spire analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind Spire</h2>
<p>Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.</p>
<h3>Breaking Down Spire's Financial Performance</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> Spire's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately <strong>-7.05%</strong>. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.</p>
<p><strong>Net Margin:</strong> Spire's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of <strong>10.75%,</strong> the company may encounter challenges in effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>2.96%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Spire's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of <strong>0.78%,</strong> the company may face hurdles in generating optimal returns from its assets.</p>
<p><strong>Debt Management:</strong> Spire's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>1.69</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations For Spire's Future

<p>Mizuho  analyst Gabriel Moreen   downgrades Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) from Buy to Neutral and lowers the price target from $64 to $62.</p>


Downgrades

Mizuho Downgrades Spire to Neutral, Lowers Price Target to $62

<p>Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) reported quarterly earnings of $3.45 per share which missed the analyst consensus estimate of $3.72 by 7.26 percent.  The company reported quarterly sales of $1.129 billion which missed the analyst consensus estimate of $1.228 billion by 8.06 percent.  This is a 0.53 percent increase over sales of $1.123 billion the same period last year.</p>


Spire Q2 2024 Adj EPS $3.45 Misses $3.72 Estimate, Sales $1.129B Miss $1.228B Estimate

<p>Ladenburg Thalmann  analyst Paul Fremont   initiates coverage on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Neutral rating and announces Price Target of $57.5.</p>


Initiation

Ladenburg Thalmann Initiates Coverage On Spire with Neutral Rating, Announces Price Target of $57.5

<p>RBC Capital  analyst Shelby Tucker   reiterates Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Sector Perform and maintains $65 price target.</p>


Reiteration

RBC Capital Reiterates Sector Perform on Spire, Maintains $65 Price Target

<p>UBS  analyst William Appicelli   initiates coverage on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Buy rating and announces Price Target of $68.</p>


UBS Initiates Coverage On Spire with Buy Rating, Announces Price Target of $68

Offerings

Spire Files For Up To $200M Common Stock Offering

<p>About&nbsp;$175 million&nbsp;will be sold by Spire and&nbsp;$175 million&nbsp;will be sold by certain selling securityholders.</p>


Spire Reports Pricing Of Public Offering Of $350M Of Its 5.300% Senior Notes Due 2026

<p>We remain confident in our ability to grow long-term NEE per share 5&ndash;7%&nbsp;driven by&nbsp;expected 7&ndash;8%&nbsp;annual utility rate base growth, reflecting our robust capital investment plan.</p>
<p>Our 10-year&nbsp;$7.2 billion&nbsp;capital investment target through&nbsp;fiscal 2033&nbsp;is driven by increasing investment in infrastructure upgrades and new business in the Gas Utility segment. Expected capital expenditures for fiscal 2024&nbsp;remain&nbsp;$765&nbsp;million, which includes&nbsp;$100 million&nbsp;for the Spire Storage West expansion.&nbsp;&nbsp;</p>


Spire Affirms FY24 Net Economic EPS Guidance Range Of $4.25–$4.45 Vs. $4.34 Est.

<p>Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) reported quarterly earnings of $1.47 per share which beat the analyst consensus estimate of $1.35 by 8.89 percent. This is a 5.16 percent decrease over earnings of $1.55 per share from the same period last year.  The company reported quarterly sales of $756.60 million which beat the analyst consensus estimate of $695.47 million by 8.79 percent.  This is a 7.05 percent decrease over sales of $814.00 million the same period last year.</p>


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