Shares of NiSource (NYSE:NI) have earned a consensus recommendation of “Buy” from the fourteen brokerages that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $26.50.
NI has been the topic of a number of research reports. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Edward Jones upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. JPMorgan Chase upped their price target on shares of NiSource from $23.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, April 10th. KeyCorp upped their price target on shares of NiSource from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Goldman Sachs upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, January 10th.
Large investors have recently made changes to their positions in the business. McKinley Carter Wealth Services Inc. bought a new stake in shares of NiSource during the 4th quarter worth approximately $297,000. FDx Advisors Inc. lifted its holdings in shares of NiSource by 25.4% during the 4th quarter. FDx Advisors Inc. now owns 11,615 shares of the utilities provider’s stock worth $298,000 after acquiring an additional 2,353 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of NiSource during the 3rd quarter worth approximately $341,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of NiSource by 26.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,518 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 2,839 shares during the period. Finally, MANA Advisors LLC bought a new stake in shares of NiSource during the 4th quarter worth approximately $351,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.
NiSource (NYSE:NI) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.35 billion. NiSource had a net margin of 2.64% and a return on equity of 8.90%. During the same period in the previous year, the business earned $0.33 EPS. analysts expect that NiSource will post 1.29 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Monday, April 30th will be given a dividend of $0.195 per share. The ex-dividend date is Friday, April 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.27%. NiSource’s payout ratio is presently 64.46%.
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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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