Several brokerages have updated their recommendations and price targets on shares of NiSource (NYSE: NI) in the last few weeks:
- 10/13/2023 – NiSource was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 10/9/2023 – NiSource had its price target lowered by analysts at Guggenheim from $30.00 to $27.00.
- 10/6/2023 – NiSource is now covered by analysts at LADENBURG THALM/SH SH. They set a “buy” rating and a $25.00 price target on the stock.
- 10/5/2023 – NiSource is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
- 9/12/2023 – NiSource was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
- 9/4/2023 – NiSource was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
- 8/25/2023 – NiSource was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
NiSource Trading Down 1.3 %
Shares of NYSE:NI opened at $25.63 on Friday. NiSource Inc. has a 52 week low of $22.86 and a 52 week high of $28.95. The company’s 50 day moving average is $26.19 and its two-hundred day moving average is $27.18. The company has a market cap of $10.59 billion, a PE ratio of 17.80, a P/E/G ratio of 2.36 and a beta of 0.49. The company has a current ratio of 0.45, a quick ratio of 0.34 and a debt-to-equity ratio of 1.71.
NiSource (NYSE:NI – Get Free Report) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.16 billion. NiSource had a net margin of 12.00% and a return on equity of 10.90%. During the same period last year, the company earned $0.12 EPS. Equities analysts predict that NiSource Inc. will post 1.58 earnings per share for the current fiscal year.
NiSource Dividend Announcement
Insider Activity at NiSource
In related news, EVP William Jr. Jefferson sold 4,875 shares of NiSource stock in a transaction on Friday, August 4th. The shares were sold at an average price of $26.80, for a total transaction of $130,650.00. Following the sale, the executive vice president now directly owns 30,905 shares in the company, valued at approximately $828,254. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP William Jr. Jefferson sold 4,875 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $26.80, for a total value of $130,650.00. Following the completion of the sale, the executive vice president now directly owns 30,905 shares of the company’s stock, valued at approximately $828,254. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lloyd M. Yates purchased 40,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average cost of $26.44 per share, for a total transaction of $1,057,600.00. Following the transaction, the chief executive officer now owns 131,242 shares of the company’s stock, valued at $3,470,038.48. The disclosure for this purchase can be found here. 0.24% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On NiSource
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC increased its stake in shares of NiSource by 16.3% during the first quarter. Private Advisor Group LLC now owns 18,625 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 2,614 shares during the period. MetLife Investment Management LLC increased its position in NiSource by 23.1% during the 1st quarter. MetLife Investment Management LLC now owns 106,827 shares of the utilities provider’s stock worth $3,397,000 after purchasing an additional 20,064 shares during the period. Cibc World Market Inc. raised its stake in shares of NiSource by 66.2% during the 1st quarter. Cibc World Market Inc. now owns 146,548 shares of the utilities provider’s stock worth $4,660,000 after buying an additional 58,398 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NiSource by 29.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,952,676 shares of the utilities provider’s stock valued at $62,093,000 after buying an additional 447,102 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of NiSource in the first quarter valued at approximately $472,000. Hedge funds and other institutional investors own 94.91% 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. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.
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