NiSource Inc. (NI) Receives Average Rating of “Hold” from Brokerages

Shares of NiSource Inc. (NYSE:NI) have been given an average rating of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $27.48.

NI has been the topic of a number of recent analyst reports. Guggenheim upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. KeyCorp restated a “buy” rating and set a $28.50 price objective on shares of NiSource in a research report on Tuesday, February 5th. Zacks Investment Research downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. ValuEngine upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Finally, Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $29.00 in a research report on Monday, April 8th.

NYSE:NI opened at $27.51 on Thursday. NiSource has a 52 week low of $23.23 and a 52 week high of $28.85. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market cap of $10.18 billion, a PE ratio of 21.16, a PEG ratio of 3.50 and a beta of 0.28.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. NiSource had a negative net margin of 0.99% and a positive return on equity of 9.69%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. As a group, equities analysts predict that NiSource will post 1.3 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.91%. NiSource’s dividend payout ratio (DPR) is 61.54%.

Institutional investors have recently modified their holdings of the stock. Cedar Wealth Management LLC bought a new stake in shares of NiSource during the 4th quarter valued at $25,000. Flagship Harbor Advisors LLC raised its position in shares of NiSource by 173.5% during the 4th quarter. Flagship Harbor Advisors LLC now owns 1,031 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 654 shares during the period. Pearl River Capital LLC bought a new stake in shares of NiSource during the 4th quarter valued at $35,000. Oregon Public Employees Retirement Fund raised its position in shares of NiSource by 2,401.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 921,473 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 884,635 shares during the period. Finally, Lindbrook Capital LLC bought a new stake in shares of NiSource during the 4th quarter valued at $38,000. Institutional investors own 93.35% of the company’s stock.

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 for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Analyst Recommendations for NiSource (NYSE:NI)

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