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Investing.com - UBS raised its price target on Spire (NYSE:SR) to $95.00 from $80.00 while maintaining a Buy rating on the natural gas utility company. The stock, currently trading at $82.31, is near its 52-week high of $83.95, having delivered a strong 32.4% return over the past year. According to InvestingPro analysis, the stock is trading slightly above its calculated Fair Value.
The firm cited expectations that Spire will continue to execute under a more supportive regulatory framework in Missouri, with the Tennessee acquisition helping de-risk the business mix and drive long-term growth. The company has demonstrated remarkable stability, maintaining dividend payments for 55 consecutive years and offering a current yield of 3.81%.
UBS anticipates Spire’s upcoming Q4 earnings call in November will provide material updates, including 2026 and 2027 EPS guidance, with potential for an upward bias relative to the current 5-7% outlook, though affordability considerations may limit further growth rate increases.
The firm expects Spire to be fully under forward test years in Missouri by 2028, at which point both earnings and rate base growth should follow a linear trajectory.
UBS noted that Spire stock currently trades at a two multiple point discount versus peers based on its new 2027 estimate of $5.65, which it believes prices in an earnings power more than 10% below its projection, while the business mix improves to skew more toward stable and regulated earnings post-transactions. With the next earnings report scheduled for November 19, investors can access comprehensive analysis and additional insights through InvestingPro’s detailed research report, one of 1,400+ available for top US stocks.
In other recent news, Spire Inc. reported its financial results for the third quarter of 2025, surpassing revenue expectations with $421.9 million, compared to the forecast of $354.37 million, marking a 19.06% surprise. The company also posted adjusted earnings per share of $0.01, beating the anticipated loss of $0.14 per share. In terms of mergers, Spire announced a $2.48 billion acquisition of Piedmont Natural Gas, which led BofA Securities to downgrade the company’s stock from Neutral to Underperform, lowering the price target to $76.00. Jefferies initiated coverage on Spire with a Buy rating and a $92.00 price target, projecting a 7.5% EPS CAGR for fiscal years 2025-2030. Additionally, Mizuho raised its price target on Spire to $83.00, citing significant upside potential in Missouri’s future earned returns. In executive news, Spire appointed Steve Greenley as the new chief operating officer, effective October 13, 2025. Greenley brings over 25 years of utility industry experience to his role, overseeing operations across several states.
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