Spire (SR)

• Market cap: $4.34B
• 1 day: -0.90%
• 5 days: 1.42%
• 1 month: -5.53%
• 3 months: -3.08%
• 6 months: 1.41%
• Year to date: 7.56%
• 1 year: 18.64%
• 5 years: 2.75%
• 10 years: 15.03%
• 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 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

773% more call options, than puts

Call options by funds: $1.57M | Put options by funds: $180K

30% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 37

13% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 109

12% more capital invested

Capital invested by funds: $3.5B [Q4 2024] → $3.94B (+$438M) [Q1 2025]

2% more funds holding

Funds holding: 317 [Q4 2024] → 322 (+5) [Q1 2025]

3.02% less ownership

Funds ownership: 89.22% [Q4 2024] → 86.2% (-3.02%) [Q1 2025]

Research analyst outlook

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

• Low target: $72 2% downside
• Avg. target: $80 9% upside
• High target: $85 16% upside

6 analyst ratings

• positive: 3 50%
• neutral: 3 50%
• negative: 0 0%

Wells Fargo Sarah Akers	11% upside $82	Equal-Weight Maintained	1 May 2025
Guggenheim Shahriar Pourreza	2% downside $72	Neutral Maintained	1 Apr 2025
Morgan Stanley Stephen Byrd	6% upside $78	Equal-Weight Maintained	20 Mar 2025
JP Morgan Richard Sunderland	16% upside $85	Overweight Upgraded	20 Mar 2025
Mizuho Gabriel Moreen	11% upside $82	Outperform Maintained	19 Mar 2025