NiSource, Inc (NYSE:NI) had its price objective increased by investment analysts at Credit Suisse Group from $29.00 to $30.00 in a research report issued on Thursday, November 2nd. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Credit Suisse Group’s price objective suggests a potential upside of 8.77% from the company’s current price.
NI has been the topic of several other reports. KeyCorp reiterated a “buy” rating and set a $29.50 target price on shares of NiSource in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Friday, September 22nd. Wells Fargo & Company initiated coverage on shares of NiSource in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $30.00 price target on the stock. J P Morgan Chase & Co boosted their price target on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $23.00 price target on shares of NiSource in a research report on Friday, July 14th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. NiSource currently has a consensus rating of “Buy” and an average price target of $26.85.
NiSource (NYSE NI) traded up $0.26 on Thursday, hitting $27.58. 4,529,500 shares of the stock were exchanged, compared to its average volume of 2,514,009. NiSource has a one year low of $21.31 and a one year high of $27.61. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. The firm has a market cap of $9,201.20, a P/E ratio of 23.76, a P/E/G ratio of 4.04 and a beta of 0.37.
NiSource (NYSE:NI) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. During the same period last year, the company earned $0.06 EPS. equities analysts predict that NiSource will post 1.19 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of NI. Alliancebernstein L.P. grew its stake in shares of NiSource by 32.8% in the 2nd quarter. Alliancebernstein L.P. now owns 10,831,595 shares of the utilities provider’s stock worth $274,689,000 after acquiring an additional 2,675,042 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of NiSource in the 2nd quarter worth $63,874,000. Ameriprise Financial Inc. boosted its holdings in shares of NiSource by 349.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,981,096 shares of the utilities provider’s stock worth $50,247,000 after buying an additional 1,540,050 shares during the last quarter. Neuberger Berman Group LLC boosted its holdings in shares of NiSource by 59.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,707,119 shares of the utilities provider’s stock worth $94,013,000 after buying an additional 1,387,190 shares during the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of NiSource in the 2nd quarter worth about $35,129,000. Hedge funds and other institutional investors own 79.39% of the company’s stock.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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