Investors sold shares of NiSource Inc. (NYSE:NI) on strength during trading hours on Friday. $12.78 million flowed into the stock on the tick-up and $174.87 million flowed out of the stock on the tick-down, for a money net flow of $162.09 million out of the stock. Of all equities tracked, NiSource had the 0th highest net out-flow for the day. NiSource traded up $0.04 for the day and closed at $23.43
Several research analysts have issued reports on the stock. KeyCorp reaffirmed a “buy” rating and issued a $25.00 target price on shares of NiSource in a report on Thursday. Guggenheim reaffirmed a “buy” rating and issued a $27.00 target price on shares of NiSource in a report on Friday, February 23rd. Zacks Investment Research raised shares of NiSource from a “sell” rating to a “hold” rating in a report on Wednesday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Finally, Goldman Sachs raised shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, January 10th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $27.00.
The stock has a market capitalization of $7,905.54, a P/E ratio of 20.37, a P/E/G ratio of 3.31 and a beta of 0.30. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.55 and a quick ratio of 0.41.
NiSource (NYSE:NI) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. NiSource had a net margin of 2.64% and a return on equity of 8.90%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.33 earnings per share. research analysts anticipate that NiSource Inc. will post 1.29 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were paid a $0.195 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This is a positive change from NiSource’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.33%. NiSource’s payout ratio is currently 200.01%.
Several hedge funds have recently made changes to their positions in the company. First Republic Investment Management Inc. grew its stake in shares of NiSource by 15.7% in the third quarter. First Republic Investment Management Inc. now owns 14,300 shares of the utilities provider’s stock worth $365,000 after acquiring an additional 1,941 shares during the period. GWM Advisors LLC grew its stake in shares of NiSource by 4.3% in the fourth quarter. GWM Advisors LLC now owns 54,505 shares of the utilities provider’s stock worth $1,363,000 after acquiring an additional 2,244 shares during the period. FDx Advisors Inc. grew its stake in shares of NiSource by 25.4% in the fourth quarter. FDx Advisors Inc. now owns 11,615 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 2,353 shares during the period. Stephens Inc. AR grew its stake in shares of NiSource by 20.1% in the third quarter. Stephens Inc. AR now owns 14,158 shares of the utilities provider’s stock worth $362,000 after acquiring an additional 2,370 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of NiSource by 10.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,502 shares of the utilities provider’s stock worth $678,000 after acquiring an additional 2,472 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.
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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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