Spire Simplifies Capital Structure After Preferred Share Redemption
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Spire ( (SR) ) has issued an announcement.
On February 13, 2026, Spire Inc., a regulated natural gas utility, terminated the Certificate of Designations related to its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock by filing an amendment to its Articles of Incorporation with the Missouri Secretary of State. This action, which removed all provisions governing the Series A Preferred Stock from its charter, followed the company’s completion on the same date of the previously announced full redemption of all outstanding Series A Preferred shares and related depositary shares, simplifying its capital structure and eliminating this class of preferred equity from its balance sheet.
The most recent analyst rating on (SR) stock is a Buy with a $97.00 price target. To see the full list of analyst forecasts on Spire stock, see the SR Stock Forecast page.
Spark’s Take on SR Stock
According to Spark, TipRanks’ AI Analyst, SR is a Neutral.
The score is anchored by steady and improving profitability but is held back by persistently negative free cash flow and leverage concerns. Technicals are moderately constructive with positive momentum and a stable trend, while valuation is supported by a reasonable P/E and a ~3.75% dividend yield. Reaffirmed multi-year guidance and strong quarter performance add support, tempered by acquisition execution/regulatory risk and timing uncertainty around the storage-asset sale.
To see Spark’s full report on SR stock, click here.
More about Spire
Spire Inc. is a regulated natural gas utility company that provides gas distribution services to residential, commercial, and industrial customers. The company focuses on serving regional markets through its utility operations and related energy services under state regulatory frameworks.
Average Trading Volume: 408,015
Technical Sentiment Signal: Buy
Current Market Cap: $5.43B
Learn more about SR stock on TipRanks’ Stock Analysis page.
