NiSource Inc. (NYSE:NI) has been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $29.36.
A number of brokerages recently weighed in on NI. UBS Group decreased their price target on shares of NiSource from $30.00 to $28.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Barclays raised shares of NiSource from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $32.00 to $31.00 in a research note on Thursday, October 31st. ValuEngine raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Credit Suisse Group set a $29.00 price target on shares of NiSource and gave the company a “hold” rating in a research note on Friday, November 1st.
NiSource stock traded down $0.02 during midday trading on Friday, reaching $26.78. The company had a trading volume of 71,039 shares, compared to its average volume of 4,189,634. The company has a market capitalization of $10.01 billion, a P/E ratio of 20.58, a P/E/G ratio of 3.92 and a beta of 0.20. NiSource has a 12-month low of $24.36 and a 12-month high of $30.67. The firm’s fifty day simple moving average is $26.98 and its 200-day simple moving average is $28.57. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.41 and a quick ratio of 0.28.
A number of hedge funds have recently added to or reduced their stakes in the business. Beck Bode LLC raised its holdings in NiSource by 4.7% in the 3rd quarter. Beck Bode LLC now owns 301,719 shares of the utilities provider’s stock valued at $9,027,000 after acquiring an additional 13,502 shares during the last quarter. Millennium Management LLC increased its holdings in shares of NiSource by 1,533.0% during the 3rd quarter. Millennium Management LLC now owns 1,873,550 shares of the utilities provider’s stock worth $56,056,000 after buying an additional 1,758,821 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of NiSource by 4.2% during the 3rd quarter. Squarepoint Ops LLC now owns 568,962 shares of the utilities provider’s stock worth $17,023,000 after buying an additional 22,762 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of NiSource during the 3rd quarter worth approximately $4,400,000. Finally, Worldquant Millennium Advisors LLC increased its holdings in shares of NiSource by 5.7% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 53,476 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 2,903 shares during the last quarter. Institutional investors own 91.28% 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 for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.
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