NiSource Inc. (NYSE:NI) – Equities researchers at Jefferies Group issued their Q1 2018 earnings per share estimates for shares of NiSource in a note issued to investors on Wednesday, Zacks Investment Research reports. Jefferies Group analyst C. Sighinolfi expects that the utilities provider will post earnings per share of $0.73 for the quarter. Jefferies Group has a “Hold” rating and a $26.00 price target on the stock. Jefferies Group also issued estimates for NiSource’s Q2 2018 earnings at $0.13 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.36 EPS, FY2018 earnings at $1.28 EPS, FY2019 earnings at $1.39 EPS, FY2020 earnings at $1.48 EPS and FY2021 earnings at $1.56 EPS.
NiSource (NYSE:NI) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter last year, the company earned $0.06 EPS.
Several other brokerages have also commented on NI. Citigroup lifted their price objective on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Friday, September 22nd. KeyCorp reaffirmed a “buy” rating and issued a $29.50 price objective on shares of NiSource in a report on Friday, October 20th. Goldman Sachs Group raised NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday. Finally, Edward Jones raised NiSource from a “hold” rating to a “buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $27.41.
Shares of NiSource (NYSE:NI) traded down $0.06 on Thursday, hitting $24.07. The company had a trading volume of 2,661,400 shares, compared to its average volume of 3,040,000. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. NiSource has a one year low of $21.65 and a one year high of $27.76. The company has a market capitalization of $8,110.00, a price-to-earnings ratio of 29.00, a P/E/G ratio of 3.18 and a beta of 0.43.
A number of large investors have recently added to or reduced their stakes in NI. Schwab Charles Investment Management Inc. grew its holdings in NiSource by 8.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,435,595 shares of the utilities provider’s stock valued at $36,407,000 after purchasing an additional 110,178 shares during the period. Conning Inc. bought a new stake in NiSource during the second quarter valued at about $206,000. State of Wisconsin Investment Board grew its holdings in NiSource by 48.8% during the second quarter. State of Wisconsin Investment Board now owns 205,446 shares of the utilities provider’s stock valued at $5,210,000 after purchasing an additional 67,360 shares during the period. Legal & General Group Plc grew its holdings in NiSource by 3.7% during the second quarter. Legal & General Group Plc now owns 2,462,515 shares of the utilities provider’s stock valued at $62,451,000 after purchasing an additional 87,893 shares during the period. Finally, KBC Group NV grew its holdings in NiSource by 2.8% during the second quarter. KBC Group NV now owns 34,652 shares of the utilities provider’s stock valued at $879,000 after purchasing an additional 940 shares during the period. 82.19% of the stock is owned by institutional investors and hedge funds.
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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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