NiSource, Inc (NYSE:NI) had its target price upped by equities research analysts at Citigroup Inc. from $28.00 to $31.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the utilities provider’s stock. Citigroup Inc.’s price objective suggests a potential upside of 14.48% from the stock’s previous close.

Several other analysts also recently commented on the stock. Wells Fargo & Company started coverage on shares of NiSource in a research report on Wednesday, August 9th. They set an “outperform” rating and a $30.00 price objective on the stock. Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, October 2nd. Credit Suisse Group increased their price objective on shares of NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. KeyCorp reissued a “buy” rating and set a $29.50 price objective on shares of NiSource in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co increased their price objective on shares of NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. NiSource presently has a consensus rating of “Buy” and a consensus price target of $27.23.

NiSource (NI) traded down $0.24 during trading hours on Monday, hitting $27.08. 6,277,700 shares of the stock were exchanged, compared to its average volume of 2,535,440. The stock has a market cap of $9,120.00, a P/E ratio of 23.55, a PEG ratio of 4.00 and a beta of 0.43. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. NiSource has a 12-month low of $21.31 and a 12-month high of $27.76.

NiSource (NYSE:NI) last released its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. NiSource had a net margin of 5.61% and a return on equity of 8.97%. During the same period in the prior year, the firm earned $0.06 EPS. analysts expect that NiSource will post 1.19 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of NiSource by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,220,504 shares of the utilities provider’s stock worth $29,034,000 after purchasing an additional 12,599 shares during the period. Gateway Investment Advisers LLC lifted its stake in shares of NiSource by 1.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 20,560 shares of the utilities provider’s stock worth $521,000 after purchasing an additional 305 shares during the period. Mn Services Vermogensbeheer B.V. lifted its stake in shares of NiSource by 508.8% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 52,511 shares of the utilities provider’s stock worth $1,332,000 after purchasing an additional 43,885 shares during the period. LS Investment Advisors LLC lifted its stake in shares of NiSource by 3.8% in the 2nd quarter. LS Investment Advisors LLC now owns 18,443 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 670 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of NiSource by 2.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 105,850 shares of the utilities provider’s stock worth $2,715,000 after purchasing an additional 3,000 shares during the period. 78.36% of the stock is currently owned by hedge funds and other institutional investors.

About NiSource

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.

Analyst Recommendations for NiSource (NYSE:NI)

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