Fintel reports that on December 17, 2024, Janney Montgomery Scott initiated coverage of Spire (NYSE:SR) with a Neutral recommendation.
Analyst Price Forecast Suggests 5.25% Upside
As of December 3, 2024, the average one-year price target for Spire is $71.46/share. The forecasts range from a low of $61.10 to a high of $84.00. The average price target represents an increase of 5.25% from its latest reported closing price of $67.89 / share.
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The projected annual revenue for Spire is 2,395MM, a decrease of 7.64%. The projected annual non-GAAP EPS is 4.79.
What is the Fund Sentiment?
There are 691 funds or institutions reporting positions in Spire. This is an increase of 30 owner(s) or 4.54% in the last quarter. Average portfolio weight of all funds dedicated to SR is 0.19%, an increase of 3.20%. Total shares owned by institutions increased in the last three months by 7.25% to 67,094K shares. 
The put/call ratio of SR is 0.26, indicating a bullish outlook.
What are Other Shareholders Doing?
American Century Companies holds 3,909K shares representing 6.77% ownership of the company. In its prior filing, the firm reported owning 4,106K shares , representing a decrease of 5.03%. The firm increased its portfolio allocation in SR by 0.14% over the last quarter.
Fuller & Thaler Asset Management holds 3,352K shares representing 5.80% ownership of the company. In its prior filing, the firm reported owning 4,328K shares , representing a decrease of 29.13%. The firm decreased its portfolio allocation in SR by 21.33% over the last quarter.
UBVLX - Undiscovered Managers Behavioral Value Fund Class L holds 2,884K shares representing 4.99% ownership of the company. In its prior filing, the firm reported owning 3,641K shares , representing a decrease of 26.25%. The firm decreased its portfolio allocation in SR by 21.52% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,805K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 1,796K shares , representing an increase of 0.50%. The firm increased its portfolio allocation in SR by 1.70% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,700K shares representing 2.94% ownership of the company. In its prior filing, the firm reported owning 1,572K shares , representing an increase of 7.53%. The firm increased its portfolio allocation in SR by 12.55% over the last quarter.
Spire Background Information
(This description is provided by the company.)
Spire is a growing, financially strong natural gas company with five gas utilities, serving 1.7 million homes and businesses across Alabama, Mississippi and Missouri, making it the 5th largest publicly traded natural gas company. Spire's Natural gas-related businesses include Spire Marketing, Spire STL Pipeline and Spire Storage. Spire is committed to transforming the business through growing organically, investing in infrastructure, and advancing through innovation.
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