FY2019 Earnings Estimate for NiSource Inc. Issued By Jefferies Group (NI)
NiSource Inc. (NYSE:NI) – Research analysts at Jefferies Group decreased their FY2019 EPS estimates for shares of NiSource in a research report issued on Thursday. Jefferies Group analyst C. Sighinolfi now expects that the brokerage will post earnings per share of $1.24 for the year, down from their previous estimate of $1.27. Jefferies Group has a “Hold” rating on the stock.
NiSource (NYSE:NI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.01. NiSource had a net margin of 6.18% and a return on equity of 8.75%. During the same quarter last year, the business posted $0.18 earnings per share.
Several other research firms also recently weighed in on NI. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a report on Thursday, September 22nd. Evercore ISI downgraded NiSource from a “hold” rating to a “sell” rating and set a $23.75 price objective for the company. in a report on Wednesday, July 6th. KeyCorp reissued an “outperform” rating and issued a $27.00 target price (up previously from $25.50) on shares of NiSource in a report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “hold” rating and issued a $26.00 target price on shares of NiSource in a report on Wednesday, August 3rd. Finally, Citigroup Inc. raised their target price on NiSource from $18.08 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. NiSource has a consensus rating of “Hold” and an average price target of $25.09.
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Shares of NiSource (NYSE:NI) opened at 22.68 on Monday. The company has a 50-day moving average of $23.85 and a 200 day moving average of $24.37. The stock has a market cap of $7.31 billion, a price-to-earnings ratio of 27.59 and a beta of 0.25. NiSource has a one year low of $18.60 and a one year high of $26.94.
A number of hedge funds have recently bought and sold shares of NI. TCI Wealth Advisors Inc. boosted its stake in NiSource by 0.5% in the second quarter. TCI Wealth Advisors Inc. now owns 4,671 shares of the company’s stock worth $124,000 after buying an additional 22 shares in the last quarter. Lynch & Associates IN boosted its stake in NiSource by 0.3% in the second quarter. Lynch & Associates IN now owns 10,228 shares of the company’s stock valued at $271,000 after buying an additional 31 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in NiSource by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,266 shares of the company’s stock valued at $325,000 after buying an additional 58 shares during the period. MUFG Americas Holdings Corp boosted its stake in NiSource by 2.5% in the second quarter. MUFG Americas Holdings Corp now owns 4,149 shares of the company’s stock valued at $110,000 after buying an additional 100 shares during the period. Finally, Advisor Partners LLC boosted its stake in NiSource by 1.3% in the second quarter. Advisor Partners LLC now owns 9,448 shares of the company’s stock valued at $251,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 82.30% of the company’s stock.
In related news, VP Teresa M. Smith sold 1,200 shares of NiSource stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $23.75, for a total transaction of $28,500.00. Following the completion of the sale, the vice president now owns 37,883 shares in the company, valued at approximately $899,721.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Thursday, October 27th. NiSource’s dividend payout ratio is presently 80.49%.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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