Spire to Acquire Piedmont’s Tennessee Gas Business
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Spire ( (SR) ) has issued an announcement.
On July 27, 2025, Spire Inc. entered into an agreement to acquire Piedmont Natural Gas Company’s Tennessee local distribution business for $2.48 billion. The acquisition, which is expected to close by the end of the first quarter of 2026, is subject to regulatory approvals and customary conditions. The Federal Energy Regulatory Commission has already approved the transfer of gas supply contracts, and the Tennessee Public Utility Commission’s approval is pending. This acquisition is anticipated to enhance Spire’s market position in the natural gas distribution sector.
The most recent analyst rating on (SR) stock is a Buy with a $95.00 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.
Spire’s overall stock score is driven by strong earnings growth and positive technical indicators. While the company shows operational efficiency and reduced leverage, cash flow challenges and higher expenses pose risks. The stock is reasonably valued, with a stable dividend yield adding to its appeal.
To see Spark’s full report on SR stock, click here.
More about Spire
Spire Inc. is a Missouri-based company operating in the natural gas industry, focusing on the distribution of natural gas to local markets.
Average Trading Volume: 449,463
Technical Sentiment Signal: Buy
Current Market Cap: $5.14B
For detailed information about SR stock, go to TipRanks’ Stock Analysis page.
