SR Stock Summary and Trading Ideas (Spire | NYSE:SR)

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), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. 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.

Spire trades on the NYSE stock market under the symbol SR.

As of April 24, 2024, SR stock price climbed to $62.05 with 488,010 million shares trading.

SR has a beta of 0.49, meaning it tends to be less sensitive to market movements. SR has a correlation of 0.09 to the broad based SPY ETF.

SR has a market cap of $3.30 billion. This is considered a Mid Cap stock.

Last quarter Spire reported $757 million in Revenue and $1.47 earnings per share. This beat revenue expectation by $61 million and exceeded earnings estimates by $.12.

In the last 3 years, SR stock traded as high as $79.24 and as low as $53.77.

The top ETF exchange traded funds that SR belongs to (by Net Assets): IJH, VTI, VB, IWM, FVD.

SR has underperformed the market in the last year with a return of -7.0%, while the SPY ETF gained +24.2%. In the last 3 month period, SR fell short of the market, returning +3.3%, while SPY returned +4.6%. However, in the most recent 2 weeks SR has outperformed the stock market by returning +2.9%, while SPY returned -2.7%.

SR support price is $60.26 and resistance is $62.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SR stock will trade within this expected range on the day.