NiSource, Inc (NI) Stock Rating Upgraded by Guggenheim

NiSource, Inc (NYSE:NI) was upgraded by equities research analysts at Guggenheim from a “neutral” rating to a “buy” rating in a report released on Monday.

A number of other research analysts also recently weighed in on NI. KeyCorp set a $27.00 price target on shares of NiSource and gave the company a “buy” rating in a report on Monday, September 12th. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Friday, September 23rd. Citigroup Inc. upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a report on Wednesday, December 14th. US Capital Advisors upgraded shares of NiSource from a “hold” rating to a “buy” rating in a report on Wednesday, November 30th. Finally, Evercore ISI upgraded shares of NiSource from a “sell” rating to a “hold” rating in a report on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.86.

Analyst Recommendations for NiSource (NYSE:NI)

Shares of NiSource (NYSE:NI) traded up 0.50% during trading on Monday, hitting $22.05. 410,418 shares of the stock traded hands. The firm has a 50 day moving average price of $22.03 and a 200-day moving average price of $23.65. NiSource has a one year low of $19.05 and a one year high of $26.94. The company has a market cap of $7.12 billion, a PE ratio of 23.43 and a beta of 0.24.

NiSource (NYSE:NI) last released its earnings results on Tuesday, November 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. NiSource had a return on equity of 8.76% and a net margin of 6.87%. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts anticipate that NiSource will post $1.07 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “NiSource, Inc (NI) Stock Rating Upgraded by Guggenheim” was reported by BBNS and is the sole property of of BBNS. If you are reading this news story on another website, it was copied illegally and republished in violation of international trademark & copyright legislation. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/nisource-inc-ni-stock-rating-upgraded-by-guggenheim/344661.html.

In other news, EVP Pablo Vegas bought 21,541 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $21.75 per share, for a total transaction of $468,516.75. Following the acquisition, the executive vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $1,552,884.75. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Michael E. Jesanis bought 12,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was purchased at an average price of $22.53 per share, for a total transaction of $270,360.00. Following the acquisition, the director now directly owns 26,725 shares in the company, valued at $602,114.25. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in NI. Robeco Institutional Asset Management B.V. increased its position in shares of NiSource by 50.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 378,212 shares of the company’s stock valued at $10,029,000 after buying an additional 126,208 shares during the period. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of NiSource during the second quarter valued at approximately $23,356,000. Candriam Luxembourg S.C.A. purchased a new position in shares of NiSource during the second quarter valued at approximately $14,518,000. Hennessy Advisors Inc. increased its position in shares of NiSource by 19.4% in the second quarter. Hennessy Advisors Inc. now owns 1,445,131 shares of the company’s stock valued at $38,325,000 after buying an additional 235,000 shares during the period. Finally, Reaves W H & Co. Inc. increased its position in shares of NiSource by 1.2% in the second quarter. Reaves W H & Co. Inc. now owns 1,452,854 shares of the company’s stock valued at $38,530,000 after buying an additional 17,842 shares during the period. Hedge funds and other institutional investors own 82.02% of the company’s stock.

About NiSource

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 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.

5 Day Chart for NYSE:NI

Receive News & Ratings for NiSource Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource Inc and related companies with our FREE daily email newsletter.

 

Latest News

Toronto and Jose Bautista Agree to One-Year Deal
Toronto and Jose Bautista Agree to One-Year Deal
Orioles Talking Contract with Slugger Jose Bautista
Orioles Talking Contract with Slugger Jose Bautista
Criticism During World Series Humorous to Joe Maddon
Criticism During World Series Humorous to Joe Maddon
Los Angeles Dodgers Awaiting Decision by Twins on Brian Dozier
Los Angeles Dodgers Awaiting Decision by Twins on Brian Dozier
Manny Ramirez Returning to Play Baseball in Japan
Manny Ramirez Returning to Play Baseball in Japan
Rajai Davis Anxious to Start Second Stint With Oakland
Rajai Davis Anxious to Start Second Stint With Oakland


Leave a Reply

 
© 2006-2017 BBNS.