NiSource (NI) Rating Increased to Buy at Edward Jones

NiSource (NYSE:NI) was upgraded by analysts at Edward Jones from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Thursday, January 4th. Jefferies Group restated a “hold” rating and issued a $26.00 target price on shares of NiSource in a report on Wednesday, December 20th. Citigroup increased their target price on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 20th. Credit Suisse Group increased their target price on NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. Finally, KeyCorp reiterated a “buy” rating and set a $29.50 price objective on shares of NiSource in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $27.85.

NiSource (NI) traded down $0.16 on Tuesday, hitting $24.84. The stock had a trading volume of 550,111 shares, compared to its average volume of 2,879,640. The stock has a market capitalization of $8,420.00, a price-to-earnings ratio of 29.93, a P/E/G ratio of 3.27 and a beta of 0.43. NiSource has a one year low of $21.65 and a one year high of $27.76. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32.

NiSource (NYSE:NI) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $917.00 million during the quarter, compared to analyst estimates of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same quarter in the prior year, the company earned $0.06 earnings per share. equities analysts expect that NiSource will post 1.2 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its holdings in shares of NiSource by 6.2% during the third quarter. Parametric Portfolio Associates LLC now owns 1,045,643 shares of the utilities provider’s stock worth $26,758,000 after acquiring an additional 60,828 shares in the last quarter. AXA raised its holdings in shares of NiSource by 43.2% during the third quarter. AXA now owns 495,100 shares of the utilities provider’s stock worth $12,669,000 after acquiring an additional 149,300 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of NiSource by 129.3% during the third quarter. GSA Capital Partners LLP now owns 49,440 shares of the utilities provider’s stock worth $1,265,000 after acquiring an additional 27,879 shares in the last quarter. Americafirst Capital Management LLC purchased a new stake in shares of NiSource during the third quarter worth $669,000. Finally, IFM Investors Pty Ltd raised its holdings in shares of NiSource by 41.3% during the third quarter. IFM Investors Pty Ltd now owns 15,626 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 4,566 shares in the last quarter. Institutional investors and hedge funds own 82.19% of the company’s stock.

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About NiSource

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.

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