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The latest announcement is out from Spire ( (SR) ).
On March 16, 2026, the Tennessee Public Utility Commission approved the transfer of authority for utility services from Piedmont Natural Gas Company Inc. to Spire Tennessee Inc., clearing a key regulatory hurdle for Spire Inc.’s acquisition of Piedmont’s Tennessee natural gas local distribution company business announced on July 29, 2025. With the Hart-Scott-Rodino antitrust condition already satisfied and all requisite regulatory approvals now in place, the transaction is expected to close before the end of the first quarter of 2026, subject only to customary remaining closing conditions, positioning Spire to expand its regulated gas distribution operations in Tennessee.
The most recent analyst rating on (SR) stock is a Buy with a $100.00 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 primarily constrained by weak cash conversion and persistently negative free cash flow despite solid, improving utility-like profitability. Technicals are positive but appear overextended, while valuation and dividend yield are supportive. Reaffirmed multi-year guidance and a detailed capital/financing plan help offset execution and regulatory risks tied to the Tennessee acquisition and delayed storage-asset sale timing.
To see Spark’s full report on SR stock, click here.
More about Spire
Spire Inc., through its unit Spire Tennessee Inc., operates in the regulated natural gas utility industry, focusing on local distribution company services. The company is expanding its footprint in Tennessee by acquiring Piedmont Natural Gas Company Inc.’s Tennessee natural gas local distribution business, strengthening its regional market presence in utility services.
Average Trading Volume: 391,140
Technical Sentiment Signal: Buy
Current Market Cap: $5.48B
Learn more about SR stock on TipRanks’ Stock Analysis page.