News articles about NiSource (NYSE:NI) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NiSource earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.9024559023413 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
Several research analysts have weighed in on NI shares. TheStreet raised NiSource from a “c” rating to a “b” rating in a research report on Wednesday, May 2nd. Bank of America reaffirmed a “buy” rating and set a $28.00 price target on shares of NiSource in a research report on Monday, May 7th. ValuEngine raised NiSource from a “hold” rating to a “buy” rating in a research report on Friday, April 27th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, April 4th. Finally, KeyCorp reaffirmed a “buy” rating and set a $25.00 price target on shares of NiSource in a research report on Thursday, March 15th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $26.45.
NiSource opened at $25.10 on Friday, MarketBeat.com reports. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62. The company has a market cap of $8.39 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.52 and a beta of 0.25. NiSource has a 1-year low of $22.44 and a 1-year high of $27.76.
NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 2nd. The utilities provider reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.66 billion. NiSource had a return on equity of 9.85% and a net margin of 3.85%. During the same period in the previous year, the firm earned $0.71 EPS. equities analysts forecast that NiSource will post 1.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Tuesday, July 31st will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Monday, July 30th. NiSource’s payout ratio is presently 64.46%.
In related news, VP Teresa M. Smith sold 15,748 shares of the business’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $25.35, for a total transaction of $399,211.80. Following the transaction, the vice president now directly owns 11,873 shares of the company’s stock, valued at approximately $300,980.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Pablo Vegas bought 14,500 shares of the firm’s stock in a transaction that occurred on Friday, May 25th. The shares were acquired at an average cost of $25.02 per share, for a total transaction of $362,790.00. Following the completion of the acquisition, the executive vice president now directly owns 44,049 shares in the company, valued at approximately $1,102,105.98. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by insiders.
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.
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