Shares of NiSource Inc. (NYSE:NI) have earned an average rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $27.00.
A number of research firms have recently weighed in on NI. Bank of America raised NiSource from a “neutral” rating to a “buy” rating in a research note on Friday. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price objective on shares of NiSource in a research note on Thursday, March 15th. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. dropped their price objective on NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $26.00 price objective on shares of NiSource in a research note on Wednesday, December 20th.
NI stock traded up $0.35 during trading hours on Wednesday, reaching $23.41. The company’s stock had a trading volume of 3,178,250 shares, compared to its average volume of 3,915,789. NiSource has a twelve month low of $22.44 and a twelve month high of $27.76. The company has a quick ratio of 0.41, a current ratio of 0.55 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $7,780.69, a price-to-earnings ratio of 59.13, a PEG ratio of 3.26 and a beta of 0.30.
Several large investors have recently bought and sold shares of NI. Electron Capital Partners LLC purchased a new stake in shares of NiSource in the fourth quarter worth about $36,258,000. Cohen & Steers Inc. lifted its position in shares of NiSource by 98.7% in the third quarter. Cohen & Steers Inc. now owns 2,256,420 shares of the utilities provider’s stock worth $57,742,000 after buying an additional 1,120,910 shares in the last quarter. BlackRock Inc. lifted its position in shares of NiSource by 4.6% in the fourth quarter. BlackRock Inc. now owns 24,779,376 shares of the utilities provider’s stock worth $636,086,000 after buying an additional 1,093,752 shares in the last quarter. Millennium Management LLC lifted its position in shares of NiSource by 38.6% in the fourth quarter. Millennium Management LLC now owns 3,591,733 shares of the utilities provider’s stock worth $92,200,000 after buying an additional 999,678 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of NiSource by 69.1% in the fourth quarter. Schroder Investment Management Group now owns 2,344,411 shares of the utilities provider’s stock worth $60,181,000 after buying an additional 958,344 shares in the last quarter. Institutional investors own 87.01% of the company’s stock.
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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