NiSource Given Neutral Rating at Zacks (NI)
NiSource (NYSE:NI)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued to investors on Friday. They currently have a $39.00 price objective on the stock. Zacks‘s price objective suggests a potential upside of 4.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of NiSource in a research note on Tuesday, April 22nd. They now have a $38.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of NiSource from $38.00 to $39.00 in a research note on Tuesday, April 22nd. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of NiSource in a research note on Thursday, April 17th. They now have a $36.00 price target on the stock. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.00.
NiSource (NYSE:NI) traded up 0.65% during mid-day trading on Friday, hitting $37.39. The stock had a trading volume of 716,187 shares. NiSource has a one year low of $27.11 and a one year high of $37.67. The stock has a 50-day moving average of $36.28 and a 200-day moving average of $34.2. The company has a market cap of $11.773 billion and a price-to-earnings ratio of 21.64.
NiSource (NYSE:NI) last announced its earnings results on Wednesday, April 30th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. Analysts expect that NiSource will post $1.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Stockholders of record on Thursday, July 31st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.80%. The ex-dividend date is Tuesday, July 29th. This is a boost from NiSource’s previous quarterly dividend of $0.25.
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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