A number of research firms have changed their ratings and price targets for NiSource (NYSE: NI):

  • 10/2/2017 – NiSource was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “Shares of NiSource have gained higher than the industry it belongs to in the last 12 months. NiSource is benefiting from continued execution of its infrastructure investment strategy.  NiSource will annually invest nearly $1.6–$1.8 billion in planned utility infrastructures from 2018 to 2020 and has identified long-term infrastructure investments worth $30 billion. The company is also working actively to reduce its carbon footprint by bringing down the coal usage. Despite investing in upgrade programs, NiSource Inc. faces the risk of disruption in operation from its ageing infrastructure. NiSource’s rising debt level amid increasing interest rates is another concern.”
  • 9/26/2017 – NiSource was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of NiSource have gained higher than the industry it belongs to in the last six months. NiSource is benefiting from continued execution of its infrastructure investment strategy.  NiSource will annually invest nearly $1.6–$1.8 billion in planned utility infrastructures from 2018 to 2020 and has identified long-term infrastructure investments worth $30 billion. The company is also working actively to reduce its carbon footprint by bringing down the coal usage. Despite investing in upgrade programs, NiSource Inc. faces the risk of disruption in operation from its ageing infrastructure. NiSource’s rising debt level amid increasing interest rates is another concern.”
  • 9/22/2017 – NiSource was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $29.00 price target on the stock. According to Zacks, “Year to date, shares of NiSource have gained higher than the industry it belongs to. NiSource is benefiting from continued execution of its infrastructure investment strategy.  NiSource will annually invest nearly $1.6–$1.8 billion in planned utility infrastructures from 2018 to 2020 and has identified long-term infrastructure investments worth $30 billion. Despite investing in upgrade programs, NiSource Inc. faces the risk of disruption in operation from its ageing infrastructure. NiSource’s rising debt level amid increasing interest rates is another concern.”
  • 9/20/2017 – NiSource was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Year to date, shares of NiSource have gained higher than the industry it belongs to. NiSource is benefiting from continued execution of its infrastructure investment strategy.  NiSource will annually invest nearly $1.6–$1.8 billion in planned utility infrastructures from 2018 to 2020 and has identified long-term infrastructure investments worth $30 billion. Despite investing in upgrade programs, NiSource Inc. faces the risk of disruption in operation from its ageing infrastructure. NiSource’s rising debt level amid increasing interest rates is another concern.”
  • 9/1/2017 – NiSource had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $29.50 price target on the stock.
  • 8/14/2017 – NiSource was upgraded by analysts at Credit Suisse Group from an “underperform” rating to an “outperform” rating. They now have a $29.00 price target on the stock, up previously from $25.00.
  • 8/9/2017 – NiSource is now covered by analysts at Wells Fargo & Company. They set an “outperform” rating and a $30.00 price target on the stock.

Shares of NiSource, Inc (NI) traded down 0.55% during trading on Tuesday, reaching $25.37. 2,452,494 shares of the company were exchanged. The stock’s 50 day moving average is $26.59 and its 200 day moving average is $25.45. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 29.43 and a beta of 0.37. NiSource, Inc has a 1-year low of $21.17 and a 1-year high of $27.29.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $990.70 million for the quarter, compared to the consensus estimate of $934.95 million. NiSource had a return on equity of 9.17% and a net margin of 5.96%. During the same quarter in the previous year, the company posted $0.09 EPS. Equities analysts anticipate that NiSource, Inc will post $1.19 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, October 31st will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.76%. NiSource’s dividend payout ratio is currently 81.40%.

In other NiSource news, Director Michael E. Jesanis bought 2,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $26.44 per share, with a total value of $52,880.00. Following the completion of the acquisition, the director now owns 34,195 shares in the company, valued at approximately $904,115.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

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 Company’s 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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