Spire Inc. (SR)

In the past six months, Spire Inc.'s stock has trended upwards by 14.03%. The company has consistently declared quarterly dividends of $0.7850 per share. Spire increased its dividend rate by over 3% on November 15, 2024. Spire reported its fiscal 2025 third-quarter results on August 5, 2025, with earnings of $0.01 per share, surpassing analysts' estimates. Analyst ratings for Spire have been generally positive, with some firms raising their price targets and issuing "strong-buy" or "buy" ratings in October 2025.

Demand for Spire Inc.'s natural gas products and services exhibits seasonality, with higher demand typically occurring during the winter heating season. Natural gas storage plays a crucial role in managing this seasonality. Increased demand during cold snaps can lead to higher sales volumes, but profitability can be affected if the cost of purchasing natural gas rises sharply and these increased fuel costs cannot be quickly passed on to consumers due to regulatory lag.

Spire Inc. is a holding company focused on the purchase, retail distribution, and sale of natural gas to various end-users in the United States, operating in the Utilities sector, specifically the Regulated Gas industry. The company's business is divided into three segments: Gas Utility, Gas Marketing, and Midstream.

Spire Inc. serves approximately 1.7 million homes and businesses, with gas utility operations concentrated in Missouri, Alabama, and Mississippi. Spire Marketing's services extend across the central and southern U.S., while Spire Storage provides services in the western U.S. The Spire STL Pipeline delivers gas to eastern Missouri.

Spire Inc. was recognized by Newsweek as one of "America's Most Responsible Companies" for the sixth consecutive year. The company's ranking improved to 252 among the top 600 U.S. companies. In 2023, Spire reduced its CO2e emissions by 4.7% compared to 2022 and has reduced methane emissions from its gas utilities by over 51% since 2005, targeting a 73% reduction by 2035. Through its "Spire Serves" initiative, the company supported community organizations with over $2.1 million in fiscal year 2023, contributing to a total social investment of over $6.2 million.

Institutional investors hold a significant portion of Spire Inc.'s stock, accounting for 70.9% of shares. BlackRock, Inc. holds 12% of shares outstanding. The top 12 shareholders control 50% of the ownership, indicating no single majority interest. The general public holds a 12% stake in the company, while insider ownership is under 1%.