NiSource Inc. (NYSE:NI – Get Rating) has been assigned an average rating of "Moderate Buy" from the ten research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $32.29.
Several equities analysts have issued reports on NI shares. Barclays decreased their price target on shares of NiSource from $35.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, July 18th. Evercore ISI upped their price target on shares of NiSource to $33.00 in a research report on Tuesday, August 9th. Edward Jones upgraded shares of NiSource from a "hold" rating to a "buy" rating in a research report on Wednesday, July 27th. Finally, BMO Capital Markets upped their price target on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, August 4th.
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NiSource Price Performance
Shares of NYSE:NI opened at $25.19 on Monday. The company has a market cap of $10.23 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.43 and a beta of 0.45. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.63 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $29.69 and a 200 day simple moving average of $29.94. NiSource has a one year low of $24.02 and a one year high of $32.58.
NiSource (NYSE:NI – Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.08 billion. NiSource had a net
margin of 13.07% and a return on equity of 10.57%. During the same quarter in the prior year, the firm earned $0.13 EPS. Research analysts predict that NiSource will post 1.44 earnings per share for the current fiscal year.
NiSource Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, October 31st will be given a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a dividend yield of 3.73%. The ex-dividend date is Friday, October 28th. NiSource's dividend payout ratio (DPR) is presently 61.04%.
Institutional Investors Weigh In On NiSource
Several large investors have recently modified their holdings of the company. Clear Street Markets LLC grew its holdings in NiSource by 428.0% in the second quarter. Clear Street Markets LLC now owns 850 shares of the utilities provider's stock worth $25,000 after purchasing an additional 689 shares during the period. Investors Asset Management of Georgia Inc. GA ADV acquired a new stake in NiSource in the second quarter worth $29,000. Rise Advisors LLC acquired a new stake in NiSource in the fourth quarter worth $32,000. Gradient Investments LLC acquired a new stake in NiSource in the first quarter worth $32,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in NiSource in the second quarter worth $33,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.
About NiSource
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NiSource, Inc is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses on natural gas service and transportation for residential, commercial, and industrial customers.
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