Figma Shares Indicated To Open $105/$110
Laclede Group Inc (NYSE:SR). shares soared to a 52-week high of $79.11, reflecting a strong upward trajectory in the company’s stock value over the past year. The $4.57 billion utility company has demonstrated remarkable strength, with InvestingPro data showing a robust 33.38% total return over the past twelve months. Investors have shown increasing confidence in Laclede Group, as evidenced by the impressive 28.97% change in the stock price compared to the previous year. The company maintains a "GOOD" financial health score according to InvestingPro analysis, supported by its attractive 4.02% dividend yield and 21-year streak of consecutive dividend increases. This significant growth underscores the company’s robust financial performance and the positive market sentiment surrounding its strategic initiatives and future prospects. As the stock hits this new high, market watchers and investors are closely monitoring Laclede Group’s performance for signs of sustained momentum, though current valuations suggest the stock may be trading above its Fair Value.Want deeper insights? Access the comprehensive Pro Research Report and 8 additional exclusive ProTips for Laclede Group on InvestingPro.
In other recent news, Spire Inc. has seen several noteworthy developments. JPMorgan upgraded Spire’s stock rating from ’Neutral’ to ’Overweight,’ with a new price target of $85, citing favorable Missouri regulations and the positive impact of the SB4 legislation. Similarly, Mizuho (NYSE:MFG) Securities raised its price target for Spire to $82 while maintaining an ’Outperform’ rating, attributing this to favorable outcomes in Spire’s Missouri rate case. Ladenburg Thalmann also upgraded Spire’s stock from ’Neutral’ to ’Buy,’ setting a price target at $83 due to positive legislative changes in Missouri that could enhance the company’s financial performance.
Additionally, Spire announced that its CEO, Steven L. Lindsey, will resume his duties on February 10, 2025, after a health-related leave of absence. During his absence, Scott E. Doyle, the Executive Vice President and Chief Operating Officer, has been managing Lindsey’s responsibilities. The company confirmed this transition in a filing with the Securities and Exchange Commission, ensuring continuity in its executive leadership. These recent developments highlight key changes in Spire’s operational and regulatory landscape, which are being closely monitored by analysts and investors alike.
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