Shares of NiSource Inc. (NYSE:NI) have received an average recommendation of “Buy” from the fourteen brokerages that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.14.
Several analysts have recently commented on NI shares. Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Thursday, January 4th. Credit Suisse Group increased their price target 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. Citigroup increased their price target on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, Edward Jones upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th.
Shares of NiSource (NYSE NI) traded up $0.04 on Friday, reaching $23.17. 5,428,375 shares of the company’s stock traded hands, compared to its average volume of 3,668,080. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.74. NiSource has a one year low of $22.44 and a one year high of $27.76. The firm has a market capitalization of $7,890.00, a price-to-earnings ratio of 58.20, a P/E/G ratio of 3.29 and a beta of 0.29.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Investors of record on Friday, February 9th were paid a dividend of $0.195 per share. This is an increase from NiSource’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.78 annualized dividend and a dividend yield of 3.37%. NiSource’s dividend payout ratio is presently 195.00%.
Several institutional investors and hedge funds have recently made changes to their positions in NI. Tortoise Investment Management LLC purchased a new position in shares of NiSource during the third quarter valued at approximately $113,000. First Quadrant L P CA purchased a new position in shares of NiSource during the third quarter valued at approximately $114,000. Valeo Financial Advisors LLC purchased a new position in shares of NiSource during the third quarter valued at approximately $114,000. Advisory Services Network LLC lifted its stake in shares of NiSource by 4.4% during the second quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock valued at $120,000 after buying an additional 200 shares during the period. Finally, FDx Advisors Inc. purchased a new position in shares of NiSource during the third quarter valued at approximately $237,000. 84.38% of the stock is currently owned by institutional investors and hedge funds.
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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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