NiSource Receives “Neutral” Rating from Zacks (NI)
NiSource (NYSE:NI)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Monday, AnalystRatingsNetwork reports. They currently have a $32.00 price objective on the stock. Zacks‘ target price suggests a potential upside of 4.34% from the company’s current price.
NiSource (NYSE:NI) traded up 0.29% during mid-day trading on Monday, hitting $30.76. The stock had a trading volume of 942,486 shares. NiSource has a 52 week low of $23.14 and a 52 week high of $31.48. The stock’s 50-day moving average is $29.92 and its 200-day moving average is $29.66. The company has a market cap of $9.615 billion and a P/E ratio of 19.46.
NiSource (NYSE:NI) last released its earnings data on Wednesday, July 31st. The company reported $0.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.23. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis. Analysts expect that NiSource will post $1.55 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Investors of record on Thursday, October 31st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Tuesday, October 29th.
Separately, analysts at Credit Suisse raised their price target on shares of NiSource (NYSE:NI) from $31.00 to $32.00 in a research note to investors on Thursday, August 1st. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $30.07.
NiSource Inc (NYSE:NI) is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.
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