NiSource Inc. (NI) Receives $27.36 Consensus PT from Brokerages

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Shares of NiSource Inc. (NYSE:NI) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $27.36.

Several research firms have issued reports on NI. KeyCorp reaffirmed a “buy” rating and set a $28.50 price target on shares of NiSource in a research note on Tuesday, February 5th. Zacks Investment Research raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Guggenheim raised shares of NiSource from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Citigroup raised their target price on shares of NiSource from $25.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, November 29th. Finally, Barclays set a $27.00 target price on shares of NiSource and gave the stock a “hold” rating in a research report on Saturday, November 17th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cedar Wealth Management LLC purchased a new position in NiSource in the fourth quarter valued at approximately $25,000. Flagship Harbor Advisors LLC raised its holdings in NiSource by 173.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 1,031 shares of the utilities provider’s stock valued at $26,000 after buying an additional 654 shares during the period. Pearl River Capital LLC purchased a new position in NiSource in the fourth quarter valued at approximately $35,000. Oregon Public Employees Retirement Fund raised its holdings in NiSource by 2,401.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 921,473 shares of the utilities provider’s stock valued at $36,000 after buying an additional 884,635 shares during the period. Finally, Lindbrook Capital LLC purchased a new position in NiSource in the fourth quarter valued at approximately $38,000. 91.01% of the stock is currently owned by institutional investors and hedge funds.

Shares of NiSource stock traded up $0.26 during mid-day trading on Friday, hitting $26.77. 80,700 shares of the stock were exchanged, compared to its average volume of 2,761,971. NiSource has a twelve month low of $22.74 and a twelve month high of $28.11. The stock has a market capitalization of $9.85 billion, a P/E ratio of 22.10, a P/E/G ratio of 3.36 and a beta of 0.28. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.40 and a quick ratio of 0.26.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Investors of record on Monday, February 11th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.20. This represents a $0.80 annualized dividend and a dividend yield of 2.99%. NiSource’s dividend payout ratio (DPR) is currently 64.46%.

About NiSource

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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Analyst Recommendations for NiSource (NYSE:NI)

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