NiSource (NI) – Research Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of NiSource (NYSE: NI) in the last few weeks:

  • 12/3/2018 – NiSource was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the past six months, shares of the company have underperformed the industry. Despite of investing in upgrade programs, the company faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid rising interest rates. However, NiSource reaffirmed capital investment guidance for 2018 and expects to invest nearly $1.6-$1.8 billion annually in utility infrastructure over the next two years. The company projects long-term infrastructure investments worth $30 billion and continues to expand customer base. The company is also working actively to reduce its carbon footprint by bringing down coal usage. NiSource has made considerable progress on regulatory initiatives across different states it operates in.”
  • 11/29/2018 – NiSource had its price target raised by analysts at Citigroup Inc from $25.00 to $26.00. They now have a “neutral” rating on the stock.
  • 11/21/2018 – NiSource was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “NiSource  reaffirmed capital investment guidance for 2018 and expects to invest nearly $1.6-$1.8 billion annually in utility infrastructure over the next two years. The company projects long-term infrastructure investments worth $30 billion and continues to expand customer base. The company is also working actively to reduce its carbon footprint by bringing down coal usage. NiSource has made considerable progress on regulatory initiatives across different states it operates in. However, in the past 12 months, shares of the company have lost wider than its industry. Despite of investing in upgrade programs,  the company faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid rising interest rates.”
  • 11/17/2018 – NiSource was given a new $27.00 price target on by analysts at Barclays PLC. They now have a “hold” rating on the stock.
  • 11/14/2018 – NiSource was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “In the past month, shares of NiSource have outperformed its industry.  The company’s third-quarter earnings beat expectations and also improved on a year-over-year basis. The company reaffirmed capital investment guidance for 2018 and expects to invest nearly $1.6-$1.8 billion annually in utility infrastructure over the next two years. The company projects long-term infrastructure investments worth $30 billion and continues to expand customer base. The company is also working actively to reduce its carbon footprint by bringing down coal usage. NiSource has made considerable progress on regulatory initiatives across different states it operates in. Despite investing in upgrade programs, the company faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid rising interest rates.”
  • 11/5/2018 – NiSource was upgraded by analysts at Evercore ISI to an “underperform” rating.
  • 11/2/2018 – NiSource had its price target raised by analysts at KeyCorp from $27.00 to $28.00. They now have an “overweight” rating on the stock.
  • 11/2/2018 – NiSource had its price target raised by analysts at Bank of America Corp from $27.00 to $28.00. They now have a “buy” rating on the stock.
  • 11/2/2018 – NiSource had its price target lowered by analysts at JPMorgan Chase & Co. from $29.00 to $28.00. They now have a “buy” rating on the stock.
  • 11/1/2018 – NiSource was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 10/19/2018 – NiSource was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating.
  • 10/18/2018 – NiSource was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating.
  • 10/18/2018 – NiSource was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 10/17/2018 – NiSource was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Year to date, shares of NiSource have lost wider than  its industry.  NiSource faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid the rising interest rates.NiSource reaffirmed capital investment guidance for 2018 and will continue to invest nearly $1.6-$1.8 billion annually in utility infrastructures for the next two years. The company projects long-term infrastructure investments worth $30 billion and continues to expand customer base. The company is also working actively to reduce its carbon footprint by bringing down the coal usage. NiSource has made considerable progress on regulatory initiatives across different states it operates. Despite investing in upgrade programs, the company faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid the rising interest rates. “
  • 10/16/2018 – NiSource had its price target lowered by analysts at Barclays PLC from $27.00 to $26.00. They now have a “hold” rating on the stock.
  • 10/15/2018 – NiSource had its price target lowered by analysts at Bank of America Corp from $28.00 to $27.00. They now have a “buy” rating on the stock.
  • 10/8/2018 – NiSource was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “In last six months, shares of NiSource have outperformed its industry’s rally.  NiSource reaffirmed capital investment guidance for 2018 and will continue to invest nearly $1.6-$1.8 billion annually in utility infrastructures for the next two years. The company projects long-term infrastructure investments worth $30 billion and continues to expand customer base. The company is also working actively to reduce its carbon footprint by bringing down the coal usage. NiSource has made considerable progress on regulatory initiatives across different states it operates. Despite investing in upgrade programs, the company faces the risk of disruption in operation from its ageing infrastructure. Debt level is another concern amid the rising interest rates.”
  • 10/5/2018 – NiSource had its price target lowered by analysts at KeyCorp from $28.00 to $27.00. They now have an “overweight” rating on the stock.

Shares of NI stock opened at $26.94 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.40 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $9.77 billion, a P/E ratio of 22.26, a price-to-earnings-growth ratio of 3.75 and a beta of 0.13. NiSource Inc. has a fifty-two week low of $22.44 and a fifty-two week high of $28.11.

NiSource (NYSE:NI) last announced its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $895.00 million during the quarter, compared to analysts’ expectations of $946.10 million. NiSource had a negative net margin of 1.82% and a positive return on equity of 9.30%. During the same quarter in the previous year, the business posted $0.07 earnings per share. As a group, research analysts predict that NiSource Inc. will post 1.29 EPS for the current year.

In other NiSource news, CFO Donald Eugene Brown sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $26.18, for a total transaction of $62,832.00. Following the completion of the transaction, the chief financial officer now owns 46,767 shares in the company, valued at approximately $1,224,360.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of NiSource by 3.9% during the 3rd quarter. Vanguard Group Inc. now owns 39,886,268 shares of the utilities provider’s stock worth $993,966,000 after buying an additional 1,483,703 shares during the last quarter. Morgan Stanley lifted its position in shares of NiSource by 82.7% during the 3rd quarter. Morgan Stanley now owns 1,673,423 shares of the utilities provider’s stock worth $41,703,000 after buying an additional 757,355 shares during the last quarter. Legal & General Group Plc lifted its position in shares of NiSource by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 3,381,174 shares of the utilities provider’s stock worth $84,243,000 after buying an additional 190,141 shares during the last quarter. Standard Life Aberdeen plc lifted its position in shares of NiSource by 9.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 130,093 shares of the utilities provider’s stock worth $3,242,000 after buying an additional 11,012 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of NiSource by 2,392.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 51,509 shares of the utilities provider’s stock worth $2,067,000 after buying an additional 49,442 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

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