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SR: Dividend Increase Will Support Attractive Long Term Shareholder Returns

SR: Measured Outlook Will Balance Profit Upside And Revenue Slowdown

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SR
AnalystConsensusTarget
Not Invested
Published 03 Sep 2024

Update shared on 14 Dec 2025

Previous
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AnalystConsensusTarget's Fair Value
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1Y
22.8%
7D
2.1%

Analysts have raised their price target on Spire to approximately $93.50 per share, reflecting improved confidence in the company’s long term earnings profile, supported by modestly lower perceived risk and stable growth assumptions.

What's in the News

  • The board of directors unanimously approved an increase in Spire's annual common stock dividend to $3.30 per share from $3.14, a 5.1 percent raise.
  • The quarterly dividend rate will rise to $0.825 per share following the increase.
  • The higher dividend is scheduled to be paid on January 5, 2026, to shareholders of record as of December 11, 2025 (company announcement).

Valuation Changes

  • Fair value estimate remains unchanged at approximately $93.50 per share, indicating no revision to the intrinsic value assessment.
  • The discount rate has fallen modestly from about 7.44 percent to 6.96 percent, reflecting slightly lower perceived risk in the cash flow discounting assumptions.
  • Revenue growth is effectively unchanged at around 8.48 percent annually, maintaining prior expectations for top line expansion.
  • The net profit margin is essentially stable at roughly 10.66 percent, indicating no material shift in long term profitability assumptions.
  • The future P/E has edged lower from about 21.0x to 20.7x, pointing to a slightly less demanding valuation multiple on forward earnings.

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Disclaimer

AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.