NiSource Hits New 12-Month High at $39.81 (NI)
NiSource (NYSE:NI)’s share price reached a new 52-week high during trading on Friday , AnalystRatings.Net reports. The stock traded as high as $39.81 and last traded at $39.67, with a volume of 424,534 shares traded. The stock had previously closed at $39.51.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of NiSource in a research note on Monday, August 4th. They now have a $39.00 price target on the stock. Analysts at Credit Suisse raised their price target on shares of NiSource from $40.00 to $41.00 in a research note on Friday, August 1st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $37.33.
The stock has a 50-day moving average of $38.47 and a 200-day moving average of $36.84. The company has a market cap of $12.490 billion and a price-to-earnings ratio of 22.81.
NiSource (NYSE:NI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.01. The company had revenue of $963.30 million for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts expect that NiSource will post $1.71 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, November 20th. Investors of record on Friday, October 31st will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, October 29th.
NiSource Inc (NYSE:NI) is an energy holding company whose subsidiaries provide natural gas, electricity and other products and services to approximately 3.