NiSource (NYSE:NI) had its price objective dropped by equities research analysts at UBS Group from $30.00 to $28.00 in a research note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the utilities provider’s stock. UBS Group’s price target points to a potential upside of 5.07% from the company’s current price.
NI has been the subject of several other reports. Barclays upgraded NiSource from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $32.00 to $31.00 in a research note on Thursday, October 31st. Credit Suisse Group set a $29.00 price target on NiSource and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, ValuEngine upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $29.36.
Shares of NYSE:NI opened at $26.65 on Wednesday. NiSource has a 52-week low of $24.36 and a 52-week high of $30.67. The company has a market capitalization of $9.88 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 3.87 and a beta of 0.20. The company has a 50-day simple moving average of $27.00 and a 200 day simple moving average of $28.57. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.28 and a current ratio of 0.41.
NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The business had revenue of $931.50 million for the quarter, compared to analyst estimates of $939.83 million. NiSource had a return on equity of 9.70% and a net margin of 9.70%. During the same period last year, the firm earned $0.10 EPS. As a group, equities analysts forecast that NiSource will post 1.3 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Hanson & Doremus Investment Management acquired a new position in NiSource in the 3rd quarter valued at $29,000. Coastal Investment Advisors Inc. acquired a new stake in shares of NiSource during the second quarter worth $31,000. Neo Ivy Capital Management bought a new stake in shares of NiSource in the second quarter valued at about $31,000. Pearl River Capital LLC bought a new stake in shares of NiSource in the second quarter valued at about $34,000. Finally, Meeder Asset Management Inc. grew its stake in shares of NiSource by 2,080.5% in the second quarter. Meeder Asset Management Inc. now owns 1,897 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 1,810 shares in the last quarter. 91.18% of the stock is currently owned by hedge funds and other institutional investors.
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 for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.
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