JPMorgan: Spire Positioned For Growth With Favorable Missouri Legislation, Rate Case Developments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 20 2025
0mins
Source: Benzinga
Analyst Upgrade: JPMorgan analyst Richard Sunderland upgraded Spire Inc. from Neutral to Overweight, raising the price forecast from $72 to $85 due to favorable regulatory conditions and expected earnings growth.
Future Expectations: The analyst anticipates a potential settlement in Missouri's rate case, which could enhance Spire's earnings outlook for 2026, estimating EPS at $5.25, above previous guidance.
Analyst Views on SR
Wall Street analysts forecast SR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SR is 96.67 USD with a low forecast of 89.00 USD and a high forecast of 104.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 84.050
Low
89.00
Averages
96.67
High
104.00
Current: 84.050
Low
89.00
Averages
96.67
High
104.00
About SR
Spire Inc. is a holding company for Spire Missouri Inc. (Spire Missouri), Spire Alabama Inc. (Spire Alabama), other gas utilities, and gas-related businesses. Spire Missouri is a public utility engaged in the purchase, retail distribution and sale of natural gas. Spire Alabama is a public utility engaged in the purchase, retail distribution and sale of natural gas principally in central and northern Alabama, serving residential, commercial and industrial customers. The Company's segments include Gas Utility, Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. and Spire Mississippi Inc. The Gas Marketing segment includes Spire Marketing Inc., a wholly owned subsidiary providing natural gas marketing services. The Midstream segment includes Spire STL Pipeline LLC, Spire MoGas Pipeline LLC, and Spire Storage, which are subsidiaries engaged in the transportation and storage of natural gas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
