Morgan Stanley has upgraded Spire Inc (SR) to Overweight from Equal-Weight, reflecting a more optimistic view on the company's prospects. This change, effective December 15, 2025, comes as Spire operates as a public utility holding company providing natural gas services through its regulated core utility operations, alongside non-regulated activities. The firm's segments include Gas Utility, Gas Marketing, and Midstream, with a market capitalization of $5.1 billion and a P/E ratio of 18.87.
As of now, Spire’s stock is priced at $83.90. The upgrade may indicate improved fundamentals or better-than-expected business performance, suggesting increased confidence in the company's strategic direction. Analyst ratings and price targets serve as professional opinions based on research and financial models, but they reflect assumptions that may not materialize as expected.
Spire is set to report its upcoming earnings on April 28, 2026, with an estimated EPS of $3.93 and revenue of $1.2 billion. Recent performance has been mixed, with Q4 2025 earnings showing an EPS of $-0.47, slightly below the estimate of $-0.44. The analyst consensus currently stands at a Buy, with 6 Strong Buy, 6 Buy, and 6 Hold ratings among 18 total analysts. Such decisions reflect a broader context of fluctuating market sentiment and varying analyst opinions as new information becomes available.