Spire (SR)

• Market cap: $4.45B
• 1 day: -1.69%
• 5 days: 0.28%
• 1 month: -0.16%
• 3 months: 5.49%
• 6 months: 15.15%
• Year to date: 11.54%
• 1 year: 24.29%
• 5 years: 5.13%
• 10 years: 47.68%
• Sector: Utilities
• Industry: Gas Utilities

About: 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') changed its name to Spire Alabama Inc. effective September 1, 2017, and Laclede Gas Company changed its name to Spire Missouri Inc. effective August 30, 2017. 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. Maximum revenue from residential area.

Employees: 3,475

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

112% more call options, than puts

Call options by funds: $373K | Put options by funds: $176K

42% more repeat investments, than reductions

Existing positions increased: 125 | Existing positions reduced: 88

28% more first-time investments, than exits

New positions opened: 55 | Existing positions closed: 43

3.03% more ownership

Funds ownership: 86.16% [Q3] → 89.2% (+3.03%) [Q4]

2% more funds holding

Funds holding: 307 [Q3] → 314 (+7) [Q4]

5% more capital invested

Capital invested by funds: $3.35B [Q3] → $3.5B (+$153M) [Q4]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $72 6% downside
• Avg. target: $80 5% upside
• High target: $85 11% upside

5 analyst ratings

• positive: 3 60%
• neutral: 2 40%
• negative: 0 0%

Guggenheim Shahriar Pourreza 57% 1-year accuracy 13 / 23 met price target	6% downside $72	Neutral Maintained	1 Apr 2025
Morgan Stanley Stephen Byrd 56% 1-year accuracy 60 / 108 met price target	2% upside $78	Equal-Weight Maintained	20 Mar 2025
JP Morgan Richard Sunderland 75% 1-year accuracy 6 / 8 met price target	11% upside $85	Overweight Upgraded	20 Mar 2025
Mizuho Gabriel Moreen 81% 1-year accuracy 29 / 36 met price target	7% upside $82	Outperform Maintained	19 Mar 2025
Ladenburg Thalmann Paul Fremont 67% 1-year accuracy 10 / 15 met price target	9% upside $83	Buy Upgraded	26 Feb 2025