SJIJ - Spire: A Solid 4%-Yielding Utility Albeit A Little Expensive

• Spire is one of the largest natural gas utilities in the country, serving customers in three states.
• The company is likely to be able to produce a very solid total return for investors over the next few years as it embarks on its capital investment plan.
• The future of natural gas utilities is likely much stronger than believed, with electrification unlikely to pose a significant threat.
• Spire has a reasonably strong balance sheet and appears able to maintain its dividend at the current level.
• The stock looks a bit overvalued compared to its peers.

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