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 May 3, 2024, SR stock price declined to $61.31 with 408,864 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 $3.26 billion. This is considered a Mid Cap stock.

Last quarter Spire reported $1 billion in Revenue and $3.45 earnings per share. This fell short of revenue expectation by $-101 million and missed earnings estimates by -$.27.

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 stock has underperformed the market in the last year with a return of -3.6%, while SPY returned +26.1%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SR shares. However, SR has outperformed the market in the last 3 month and 2 week periods, returning +5.2% and +3.2%, while SPY returned +3.7% and +2.4%, respectively. This indicates SR has been having a stronger performance recently.

SR support price is $60.75 and resistance is $62.61 (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.