Spire Inc stock hits 52-week high at 83.97 USD

Spire Inc stock reached a new 52-week high, trading at 83.97 USD, marking a significant milestone for the company. According to InvestingPro analysis, the stock is currently trading slightly above its Fair Value, with a market capitalization of nearly $5 billion and a P/E ratio of 18. This peak reflects a 27.82% increase over the past year, with a notable year-to-date return of 26.03%, underscoring the stock’s robust performance and investor confidence. The company maintains a strong dividend profile with a 3.79% yield and has increased its dividend for 21 consecutive years. The rise to this 52-week high is indicative of Spire Inc’s strong market position and potential for continued growth, particularly given its historically low price volatility. For deeper insights and access to 8 additional exclusive ProTips about Spire Inc, visit InvestingPro.

In other recent news, Spire Inc. has been the subject of several analyst updates and company developments. UBS raised its price target for Spire to $95, maintaining a Buy rating, citing a supportive regulatory framework in Missouri and the acquisition of Tennessee assets that are expected to enhance long-term growth. Jefferies also initiated coverage with a Buy rating and a $92 price target, projecting a 7.5% compound annual growth rate in earnings per share from fiscal years 2025 to 2030, surpassing both the company’s guidance and consensus estimates. In contrast, BofA Securities downgraded Spire from Neutral to Underperform, lowering the price target to $76 due to concerns over the $2.48 billion acquisition of Piedmont Natural Gas, which they believe could impact near-term financial performance. Meanwhile, Mizuho raised its price target to $83, highlighting potential gains from Missouri’s rate case and future ratemaking adjustments. Additionally, Spire announced the appointment of Steve Greenley as the new chief operating officer, who will oversee operations across several states. These developments reflect a range of analyst perspectives and strategic changes within the company.

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