NiSource, Inc (NYSE:NI) had its price target boosted by stock analysts at Credit Suisse Group from $29.00 to $30.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the utilities provider’s stock. Credit Suisse Group’s price target would indicate a potential upside of 13.77% from the stock’s previous close.
A number of other research firms also recently weighed in on NI. KeyCorp reissued a “buy” rating and set a $29.50 price target on shares of NiSource in a research report on Friday, September 1st. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, September 22nd. Jefferies Group LLC restated a “hold” rating and set a $23.00 price objective on shares of NiSource in a research note on Friday, July 14th. J P Morgan Chase & Co raised their price objective on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Company initiated coverage on NiSource in a research note on Wednesday, August 9th. They set an “outperform” rating and a $30.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. NiSource currently has an average rating of “Buy” and a consensus price target of $26.85.
NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.07. NiSource had a net margin of 5.96% and a return on equity of 9.17%. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the company earned $0.06 earnings per share.
WARNING: “NiSource, Inc (NI) PT Raised to $30.00” was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States and international copyright laws. The original version of this piece can be accessed at https://www.com-unik.info/2017/11/02/nisource-inc-ni-pt-raised-to-30-00.html.
In related news, Director Michael E. Jesanis bought 2,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $26.44 per share, for a total transaction of $52,880.00. Following the completion of the purchase, the director now owns 34,195 shares of the company’s stock, valued at approximately $904,115.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.35% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. First Quadrant L P CA bought a new stake in NiSource in the third quarter valued at $114,000. Advisory Services Network LLC lifted its stake in NiSource by 4.4% in the second quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. CENTRAL TRUST Co lifted its stake in NiSource by 454.0% in the second quarter. CENTRAL TRUST Co now owns 5,839 shares of the utilities provider’s stock valued at $148,000 after buying an additional 4,785 shares during the last quarter. TCI Wealth Advisors Inc. lifted its stake in NiSource by 0.4% in the second quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock valued at $154,000 after buying an additional 24 shares during the last quarter. Finally, Peapack Gladstone Financial Corp bought a new stake in NiSource in the second quarter valued at $202,000. Institutional investors own 81.81% of the company’s stock.
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.
What are top analysts saying about NiSource Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for NiSource Inc and related companies.