NiSource Inc. (NI) Given Average Recommendation of “Hold” by Analysts

NiSource Inc. (NYSE:NI) has earned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $27.00.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of NiSource from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Barclays set a $27.00 target price on shares of NiSource and gave the stock a “hold” rating in a research report on Saturday, November 17th. Evercore ISI raised shares of NiSource to an “underperform” rating in a research report on Monday, November 5th. TheStreet cut shares of NiSource from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Finally, Bank of America lifted their price target on shares of NiSource from $27.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, November 2nd.

In related news, CFO Donald Eugene Brown sold 2,400 shares of NiSource stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $26.18, for a total value of $62,832.00. Following the sale, the chief financial officer now owns 46,767 shares of the company’s stock, valued at approximately $1,224,360.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Piedmont Investment Advisors LLC bought a new stake in NiSource during the 2nd quarter valued at $104,000. Tower Research Capital LLC TRC bought a new stake in NiSource during the 2nd quarter valued at $105,000. Advisors Asset Management Inc. bought a new stake in NiSource during the 2nd quarter valued at $110,000. Chicago Partners Investment Group LLC raised its holdings in NiSource by 114.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,444 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 2,369 shares during the period. Finally, Parallel Advisors LLC raised its holdings in NiSource by 286.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,701 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 3,485 shares during the period. 90.58% of the stock is currently owned by institutional investors.

NiSource stock opened at $25.67 on Monday. NiSource has a 52 week low of $22.44 and a 52 week high of $28.11. The company has a current ratio of 0.40, a quick ratio of 0.26 and a debt-to-equity ratio of 1.52. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.64 and a beta of 0.12.

NiSource (NYSE:NI) last posted its earnings results on Thursday, November 1st. The utilities provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. NiSource had a negative net margin of 1.82% and a positive return on equity of 9.30%. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $946.10 million. During the same quarter last year, the firm earned $0.07 EPS. As a group, sell-side analysts expect that NiSource will post 1.29 earnings per share for the current fiscal year.

About NiSource

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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Analyst Recommendations for NiSource (NYSE:NI)

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