NiSource (NYSE:NI) announced its quarterly earnings data on Tuesday. The utilities provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01, Bloomberg Earnings reports. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same quarter last year, the firm earned $0.33 EPS. NiSource updated its FY18 guidance to $1.26-1.32 EPS.
Shares of NiSource (NYSE:NI) opened at $23.59 on Tuesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32. The firm has a market capitalization of $7,907.92, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.24. NiSource has a twelve month low of $22.44 and a twelve month high of $27.76.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be issued a $0.195 dividend. This is a positive change from NiSource’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.78 annualized dividend and a yield of 3.31%. NiSource’s dividend payout ratio is 95.12%.
Institutional investors have recently bought and sold shares of the business. Tortoise Investment Management LLC acquired a new stake in shares of NiSource during the third quarter valued at $113,000. First Quadrant L P CA acquired a new stake in shares of NiSource during the third quarter valued at $114,000. Valeo Financial Advisors LLC acquired a new stake in shares of NiSource during the third quarter valued at $114,000. Advisory Services Network LLC boosted its stake in shares of NiSource by 4.4% during the second quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 200 shares during the last quarter. Finally, FDx Advisors Inc. acquired a new stake in shares of NiSource during the third quarter valued at $237,000. 84.38% of the stock is currently owned by institutional investors.
NI has been the topic of a number of recent analyst reports. Credit Suisse Group upped their price objective on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Citigroup upped 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. Jefferies Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of NiSource in a report on Wednesday, December 20th. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Edward Jones raised NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $27.14.
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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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