Shares of NiSource Inc. (NYSE:NI) have received a consensus rating of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $29.11.
A number of equities analysts recently weighed in on the stock. Wolfe Research lowered shares of NiSource from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 5th. Barclays raised shares of NiSource from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $32.00 to $31.00 in a research note on Thursday, October 31st. Argus raised shares of NiSource from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Wednesday, July 24th. Credit Suisse Group set a $29.00 price objective on shares of NiSource and gave the stock a “hold” rating in a research note on Friday, November 1st. Finally, ValuEngine downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st.
Several institutional investors have recently bought and sold shares of the company. Hanson & Doremus Investment Management bought a new stake in NiSource during the 3rd quarter worth approximately $29,000. Neo Ivy Capital Management acquired a new position in shares of NiSource during the 2nd quarter valued at $31,000. Coastal Investment Advisors Inc. acquired a new position in shares of NiSource during the 2nd quarter valued at $31,000. Pearl River Capital LLC acquired a new position in shares of NiSource during the 2nd quarter valued at $34,000. Finally, Cornerstone Advisors Inc. increased its position in shares of NiSource by 36.9% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,303 shares of the utilities provider’s stock valued at $38,000 after purchasing an additional 351 shares during the period. Institutional investors own 92.45% of the company’s stock.
NYSE NI traded down $0.08 on Monday, reaching $26.32. The company had a trading volume of 4,103,524 shares, compared to its average volume of 2,971,159. The firm has a market capitalization of $9.90 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 3.82 and a beta of 0.22. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.28 and a current ratio of 0.41. NiSource has a 1-year low of $24.36 and a 1-year high of $30.67. The company’s fifty day moving average is $28.29 and its 200-day moving average is $28.73.
NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.04). The company had revenue of $931.50 million during the quarter, compared to analyst estimates of $939.83 million. NiSource had a return on equity of 9.70% and a net margin of 9.70%. During the same period in the previous year, the company posted $0.10 earnings per share. On average, research analysts forecast that NiSource will post 1.3 earnings per share for the current year.
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 for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.
Further Reading: Hold Rating
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