NiSource (NYSE:NI) Price Target Increased to $38.00 by Analysts at Barclays

NiSource (NYSE:NI) had its target price boosted by analysts at Barclays from $35.00 to $38.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price objective indicates a potential upside of 7.80% from the company’s previous close.

A number of other brokerages have also commented on NI. Bank of America initiated coverage on shares of NiSource in a report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price target on the stock. Wells Fargo & Company raised their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Mizuho initiated coverage on NiSource in a research report on Thursday, July 11th. They set an “outperform” rating and a $33.00 price objective on the stock. Evercore ISI raised their price objective on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets upped their target price on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

NiSource Trading Up 0.3 %

Shares of NI stock opened at $35.25 on Monday. The company has a market capitalization of $15.80 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51. NiSource has a 52-week low of $24.58 and a 52-week high of $35.25. The business’s fifty day moving average is $33.56 and its 200 day moving average is $30.52. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.78.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.06. NiSource had a return on equity of 9.15% and a net margin of 14.76%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the firm posted $0.11 EPS. On average, equities research analysts anticipate that NiSource will post 1.72 EPS for the current fiscal year.

Institutional Trading of NiSource

Several hedge funds and other institutional investors have recently bought and sold shares of NI. MCF Advisors LLC purchased a new position in shares of NiSource in the second quarter worth $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of NiSource in the second quarter valued at about $25,000. First Financial Corp IN purchased a new position in shares of NiSource in the first quarter valued at about $31,000. Crewe Advisors LLC bought a new position in shares of NiSource during the first quarter valued at about $31,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of NiSource during the first quarter worth about $43,000. Institutional investors own 91.64% of the company’s stock.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.