NiSource Inc. (NYSE:NI – Get Free Report) has received a consensus rating of “Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Seven research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $36.29.
A number of research analysts recently issued reports on NI shares. JPMorgan Chase & Co. lifted their target price on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday. Evercore ISI boosted their target price on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Bank of America started coverage on shares of NiSource in a research report on Thursday, September 12th. They set a “buy” rating and a $37.00 price objective on the stock. Mizuho began coverage on NiSource in a report on Thursday, July 11th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, BMO Capital Markets increased their price target on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th.
Read Our Latest Research Report on NI
Institutional Investors Weigh In On NiSource
NiSource Price Performance
Shares of NiSource stock opened at $35.31 on Friday. NiSource has a 12 month low of $24.58 and a 12 month high of $35.32. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.63. The business has a 50 day simple moving average of $33.69 and a two-hundred day simple moving average of $30.65. The stock has a market capitalization of $15.83 billion, a P/E ratio of 23.08, a PEG ratio of 2.84 and a beta of 0.51.
NiSource (NYSE:NI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. NiSource had a net margin of 14.76% and a return on equity of 9.15%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $0.11 EPS. As a group, analysts predict that NiSource will post 1.72 EPS for the current fiscal year.
NiSource Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource’s dividend payout ratio (DPR) is currently 69.28%.
NiSource Company Profile
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.
Featured Articles
- Five stocks we like better than NiSource
- How the NYSE and NASDAQ are Different, Why That Matters to Investors
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- Buy P&G Now, Before It Sets A New All-Time High
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.