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 in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.
IPO Year:
Exchange: NYSE
Website: spireenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2024 | $65.50 → $60.50 | Neutral → Sell | Ladenburg Thalmann |
| 5/2/2024 | $64.00 → $62.00 | Buy → Neutral | Mizuho |
| 4/26/2024 | $57.50 | Neutral | Ladenburg Thalmann |
| 4/12/2024 | $68.00 | Buy | UBS |
| 9/29/2023 | $71.00 → $66.00 | Neutral → Buy | Mizuho |
| 2/7/2023 | $73.00 → $75.00 | Buy → Hold | Stifel |
| 12/12/2022 | $78.00 → $61.00 | Neutral → Underperform | BofA Securities |
| 12/5/2022 | $69.00 | Overweight → Neutral | JP Morgan |
| 9/9/2022 | $74.00 → $78.00 | Neutral → Overweight | JP Morgan |
| 4/18/2022 | $61.00 → $79.00 | Underperform → Neutral | BofA Securities |
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Affirms long-term growth target; issues fiscal 2025 earnings guidance ST. LOUIS, Nov. 20, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal year 2024 ended September 30. Highlights include: Fiscal 2024 net income of $250.9 million ($4.19 per share) compared to $217.5 million ($3.85 per share) in fiscal 2023Adjusted earnings* of $247.4 million ($4.13 per share) compared to $228.1 million ($4.05 per share) in fiscal 2023Reaffirms long-term adjusted earnings per share (EPS) growth target of 5–7% and launches fiscal 2025 adjusted EPS guidance of $4.40
22nd Consecutive Year of Increases ST. LOUIS, Nov. 14, 2024 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE:SR) unanimously agreed to increase the annual common stock dividend to $3.14 per share from $3.02 per share. The $0.12 per share increase brings the quarterly rate to $0.785, an increase of 4.0%. "The board's vote to increase Spire's dividend reflects our confidence in both the company's financial position and its long-term growth strategy. Spire will continue to be a compelling investment delivering value to shareholders," said Rob Jones, chairman of the boa
ST. LOUIS, Oct. 16, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, Nov. 20 to discuss fiscal 2024 fourth quarter and year-end financial results, earnings guidance, and other matters. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, Nov. 20 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International:
ST. LOUIS, July 31, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal 2024 third quarter ended June 30. Highlights include: Net loss of $12.6 million, or ($0.28) per diluted share, compared to a net loss of $21.6 million, or ($0.48) per share a year agoOn a net economic earnings* (NEE) basis, a loss of $4.3 million, or ($0.14) per share, compared to a loss of $18.6 million, or ($0.42) per share a year agoFiscal 2024 net economic earnings guidance range lowered to $4.15–$4.25 per share from $4.25–$4.45For fiscal 2024 third quarter, Spire reported a
ST. LOUIS, July 25, 2024 /PRNewswire/ -- The Spire Inc. (NYSE:SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable October 2, 2024, to shareholders of record on September 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2024 marking the company's 21st consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable No
ST. LOUIS, July 10, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, July 31 to discuss fiscal 2024 third quarter results. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, July 31 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International: 412-317-5142 The call will be webcast in a listen-only format fo
ST. LOUIS, May 1, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal 2024 second quarter ended March 31. Highlights include: Net income of $204.3 million ($3.58 per share) compared to $179.2 million ($3.33 per share) a year agoNet economic earnings* (NEE) of $196.6 million ($3.45 per share) compared to $199.2 million ($3.70 per share) a year agoReaffirmed fiscal 2024 net economic earnings guidance range of $4.25–$4.45 per shareFor fiscal 2024 second quarter, Spire reported consolidated net economic earnings per share of $3.45 compared to $3.70 a ye
ST. LOUIS, April 25, 2024 /PRNewswire/ -- The Spire Inc. (NYSE:SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable July 2, 2024, to shareholders of record on June 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2024 marking the company's 21st consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable August 15
ST. LOUIS, April 16, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, May 1 to discuss fiscal 2024 second quarter results. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, May 1 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International: 412-317-5142 The call will be webcast in a listen-only format fo
ST. LOUIS, Feb. 1, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal 2024 first quarter ended December 31, including: Net income of $85.1 million ($1.52 per share) compared to $91.0 million ($1.66 per share) in the prior yearNet economic earnings* (NEE) of $82.7 million ($1.47 per share) compared to $85.1 million ($1.55 per share) a year agoAffirmed fiscal 2024 NEE expectation of $4.25–$4.45 per share"During the first quarter, we delivered solid operational and financial results driven by growth in the Gas Utility segment. When extreme cold weathe
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Affirms long-term growth target; issues fiscal 2025 earnings guidance ST. LOUIS, Nov. 20, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal year 2024 ended September 30. Highlights include: Fiscal 2024 net income of $250.9 million ($4.19 per share) compared to $217.5 million ($3.85 per share) in fiscal 2023Adjusted earnings* of $247.4 million ($4.13 per share) compared to $228.1 million ($4.05 per share) in fiscal 2023Reaffirms long-term adjusted earnings per share (EPS) growth target of 5–7% and launches fiscal 2025 adjusted EPS guidance of $4.40
ST. LOUIS, Nov. 18, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today announced that Steve Rasche will step down as executive vice president and chief financial officer effective Jan. 1, 2025. He will continue to serve as a senior adviser until his retirement on April 1, 2025. Adam Woodard, Spire's vice president and treasurer, will succeed him as executive vice president and chief financial officer effective Jan. 1, 2025. After joining Spire in 2009 and becoming CFO in 2013, Rasche helped drive significant growth, leading Spire to become one of the largest publicly traded natu
22nd Consecutive Year of Increases ST. LOUIS, Nov. 14, 2024 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE:SR) unanimously agreed to increase the annual common stock dividend to $3.14 per share from $3.02 per share. The $0.12 per share increase brings the quarterly rate to $0.785, an increase of 4.0%. "The board's vote to increase Spire's dividend reflects our confidence in both the company's financial position and its long-term growth strategy. Spire will continue to be a compelling investment delivering value to shareholders," said Rob Jones, chairman of the boa
ST. LOUIS, Oct. 16, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, Nov. 20 to discuss fiscal 2024 fourth quarter and year-end financial results, earnings guidance, and other matters. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, Nov. 20 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International:
ST. LOUIS, July 31, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal 2024 third quarter ended June 30. Highlights include: Net loss of $12.6 million, or ($0.28) per diluted share, compared to a net loss of $21.6 million, or ($0.48) per share a year agoOn a net economic earnings* (NEE) basis, a loss of $4.3 million, or ($0.14) per share, compared to a loss of $18.6 million, or ($0.42) per share a year agoFiscal 2024 net economic earnings guidance range lowered to $4.15–$4.25 per share from $4.25–$4.45For fiscal 2024 third quarter, Spire reported a
ST. LOUIS, July 25, 2024 /PRNewswire/ -- The Spire Inc. (NYSE:SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable October 2, 2024, to shareholders of record on September 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2024 marking the company's 21st consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable No
ST. LOUIS, July 10, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, July 31 to discuss fiscal 2024 third quarter results. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, July 31 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International: 412-317-5142 The call will be webcast in a listen-only format fo
ST. LOUIS, May 1, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today reported results for its fiscal 2024 second quarter ended March 31. Highlights include: Net income of $204.3 million ($3.58 per share) compared to $179.2 million ($3.33 per share) a year agoNet economic earnings* (NEE) of $196.6 million ($3.45 per share) compared to $199.2 million ($3.70 per share) a year agoReaffirmed fiscal 2024 net economic earnings guidance range of $4.25–$4.45 per shareFor fiscal 2024 second quarter, Spire reported consolidated net economic earnings per share of $3.45 compared to $3.70 a ye
ST. LOUIS, April 25, 2024 /PRNewswire/ -- The Spire Inc. (NYSE:SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable July 2, 2024, to shareholders of record on June 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2024 marking the company's 21st consecutive year of increasing its common stock dividend on an annualized basis. The board of directors also declared the regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable August 15
ST. LOUIS, April 16, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) will host a conference call and webcast on Wednesday, May 1 to discuss fiscal 2024 second quarter results. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab. To access the call, please dial the applicable phone number 5-10 minutes prior to the start time. Date and Time: Wednesday, May 1 8 a.m. CT (9 a.m. ET) Phone Numbers: U.S. and Canada: 844-824-3832 International: 412-317-5142 The call will be webcast in a listen-only format fo
Suzanne Sitherwood to Retire as President and CEO, Effective December 31, 2023 Board of Directors Initiates CEO Search Process ST. LOUIS, March 29, 2023 /PRNewswire/ -- Spire Inc. (NYSE:SR) today announced that President and CEO Suzanne Sitherwood has informed the Board of her intention to retire from the company at the end of 2023, after serving 12 years in the role. "Leading Spire for the last 12 years has been the privilege of a lifetime and my retirement represents the culmination of more than four decades in the industry," said Sitherwood. "As I reflect on my tenure, I'm
ST. LOUIS, Feb. 1, 2021 /PRNewswire/ -- As part of its commitment to achieve carbon neutrality by midcentury, Spire announced today that Nick Popielski has been appointed as the company's first Head of Environmental Commitment. In this new leadership position, Popielski will lead Spire's environmental efforts, develop new processes and guide the company's strategy behind its environmental commitment of achieving carbon neutrality. Popielski will take on this added responsibility while continuing to lead business and economic development, positioning Spire to align environmental and business performance goals. The announcement comes on the heels of another strong year of methane emission r
Providing a diverse range of perspectives from bullish to bearish, 7 analysts have published ratings on Spire (NYSE:SR) in the last three months. 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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 6 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 3 0 0 3M Ago 1 0 1 0 0 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 represent
Morgan Stanley analyst Stephen Byrd maintains Spire (NYSE:SR) with a Equal-Weight and lowers the price target from $67 to $64.
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 high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the utilities sector. Northwest Natural Holding Co (NYSE:NWN) Dividend Yield: 5.19% Stifel analyst Selman Akyol maintained a Buy rating and raised the p
Morgan Stanley analyst Stephen Byrd maintains Spire (NYSE:SR) with a Equal-Weight and raises the price target from $64 to $67.
Wells Fargo analyst Sarah Akers maintains Spire (NYSE:SR) with a Equal-Weight and raises the price target from $64 to $66.
Analysts' ratings for Spire (NYSE:SR) over the last quarter vary from bullish to bearish, as provided by 4 analysts. 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. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 2 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 0 0 0 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 tar
Mizuho analyst Gabriel Moreen downgrades Spire (NYSE:SR) from Buy to Neutral and lowers the price target from $64 to $62.
Spire (NYSE:SR) 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.
Ladenburg Thalmann analyst Paul Fremont initiates coverage on Spire (NYSE:SR) with a Neutral rating and announces Price Target of $57.5.
RBC Capital analyst Shelby Tucker reiterates Spire (NYSE:SR) with a Sector Perform and maintains $65 price target.
Ladenburg Thalmann downgraded Spire from Neutral to Sell and set a new price target of $60.50 from $65.50 previously
Mizuho downgraded Spire from Buy to Neutral and set a new price target of $62.00 from $64.00 previously
Ladenburg Thalmann initiated coverage of Spire with a rating of Neutral and set a new price target of $57.50
UBS initiated coverage of Spire with a rating of Buy and set a new price target of $68.00
Mizuho upgraded Spire from Neutral to Buy and set a new price target of $66.00 from $71.00 previously
Stifel downgraded Spire from Buy to Hold and set a new price target of $75.00 from $73.00 previously
BofA Securities downgraded Spire from Neutral to Underperform and set a new price target of $61.00 from $78.00 previously
JP Morgan downgraded Spire from Overweight to Neutral and set a new price target of $69.00
JP Morgan upgraded Spire from Neutral to Overweight and set a new price target of $78.00 from $74.00 previously
BofA Securities upgraded Spire from Underperform to Neutral and set a new price target of $79.00 from $61.00 previously