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Here’s Why You Should Add Spire (SR) to Your Portfolio Now


Earnings estimates for Spire Inc. SR have been revised upward in the past 30 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2019 and 2020 earnings has moved up 0.3% and 0.5% to $3.75 and $3.92 per share during the said period, respectively.

Let’s focus on the factors that make the stockan appropriate pick at the moment.

Zacks Rank & VGM Score

The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The stock has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back tested results show that stocks with a favorable VGM Score of A or B coupled with a bullish Zacks Rank are the best investment options.

Price Performance

In the past 12 months, shares of Spire have rallied 26.6% compared with the industry’s gain of 7.2%.

Earnings Surprise History & Long-Term Growth

The company’s average last four-quarter positive earnings surprise is 7.69%. The company’s long-term (3 to 5 years) earnings growth is pegged at 4.93%.

Capital Investment Plans

The company increased capital expenditure plan for 2019 to $740 million from $499 million of 2018.Spire also increased capital expenditure target for 2019-2023 period to $2.8 billion from $2.6 billion of 2019-2022 period.

Dividend Yield

The company has been paying dividend consistently for 74 years and increased the same for 16 consecutive years.

Currently, the company has a dividend yield of 2.37% compared with the Zacks S&P 500 Composite’s 1.96%.

Other Key Picks

Some other top-ranked stocks from the same industry are ONEOK, Inc OKE, ONE Gas, Inc. OGS and National Fuel Gas Co. NFG, each holding a Zacks Rank of 2.

ONEOK pulled off an average positive earnings surprise of 3.17% in the last four quarters. The company’s long-term earnings growth is pegged at 11.30%.

ONE Gas pulled off an average positive earnings surprise of 8.29% in the last four quarters. The company’s long-term earnings growth is pegged at 5.90%.

The Zacks Consensus Estimate for 2019 earnings for National Fuel Gas has moved up 7% to $3.55 per share in the past 60 days. The company’s long-term earnings growth is pegged at 2.80%.

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