NiSource, Inc to Post Q3 2017 Earnings of $0.08 Per Share, US Capital Advisors Forecasts (NI)
NiSource, Inc (NYSE:NI) – Equities research analysts at US Capital Advisors issued their Q3 2017 earnings estimates for shares of NiSource in a research report issued on Wednesday. US Capital Advisors analyst D. Fidell forecasts that the utilities provider will earn $0.08 per share for the quarter.
NiSource (NYSE:NI) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $990.70 million during the quarter, compared to analysts’ expectations of $934.95 million. NiSource had a return on equity of 9.17% and a net margin of 5.96%. During the same quarter last year, the firm posted $0.09 earnings per share. ILLEGAL ACTIVITY WARNING: “NiSource, Inc to Post Q3 2017 Earnings of $0.08 Per Share, US Capital Advisors Forecasts (NI)” was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/10/30/nisource-inc-to-post-q3-2017-earnings-of-0-08-per-share-us-capital-advisors-forecasts-ni.html.
Other equities analysts have also issued reports about the stock. Credit Suisse Group raised shares of NiSource from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $29.00 in a research note on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $23.00 target price on shares of NiSource in a research note on Friday, July 14th. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co upped their target price on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $29.50 target price on shares of NiSource in a research note on Friday, October 20th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.75.
Shares of NiSource (NI) opened at 26.44 on Monday. The stock has a 50 day moving average price of $26.30 and a 200 day moving average price of $25.79. The firm has a market cap of $8.62 billion, a PE ratio of 30.67 and a beta of 0.36. NiSource has a 12 month low of $21.17 and a 12 month high of $27.29.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders 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 annualized dividend and a yield of 2.65%. NiSource’s dividend payout ratio (DPR) is presently 81.40%.
In other NiSource news, Director Michael E. Jesanis purchased 2,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of $26.44 per share, with a total value of $52,880.00. Following the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $904,115.80. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.
Several hedge funds have recently modified their holdings of NI. Alliancebernstein L.P. raised its holdings in shares of NiSource by 32.8% in the 2nd quarter. Alliancebernstein L.P. now owns 10,831,595 shares of the utilities provider’s stock valued at $274,689,000 after purchasing an additional 2,675,042 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of NiSource in the 2nd quarter valued at about $63,874,000. Ameriprise Financial Inc. raised its holdings in shares of NiSource by 349.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,981,096 shares of the utilities provider’s stock valued at $50,247,000 after purchasing an additional 1,540,050 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of NiSource by 59.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,707,119 shares of the utilities provider’s stock valued at $94,013,000 after purchasing an additional 1,387,190 shares during the period. Finally, Schroder Investment Management Group bought a new stake in shares of NiSource in the 2nd quarter valued at about $35,129,000. 81.93% of the stock is currently owned by institutional investors.
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 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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