Traders bought shares of NiSource Inc. (NYSE:NI) on weakness during trading hours on Tuesday. $21.07 million flowed into the stock on the tick-up and $8.66 million flowed out of the stock on the tick-down, for a money net flow of $12.41 million into the stock. Of all companies tracked, NiSource had the 23rd highest net in-flow for the day. NiSource traded down ($0.21) for the day and closed at $25.86

NI has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered NiSource from an “overweight” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research report on Tuesday, March 29th. They noted that the move was a valuation call. Evercore ISI lowered NiSource from a “hold” rating to a “sell” rating and set a $23.75 target price on the stock. in a research report on Wednesday, July 6th. KeyCorp restated an “outperform” rating and set a $27.00 target price (up previously from $25.50) on shares of NiSource in a research report on Tuesday, July 5th. Barclays PLC upped their target price on NiSource from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, March 18th. Finally, Argus restated a “hold” rating on shares of NiSource in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.69.

The company has a market capitalization of $8.32 billion and a PE ratio of 41.84. The company has a 50 day moving average of $25.16 and a 200 day moving average of $22.85.

NiSource (NYSE:NI) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.01. During the same quarter in the prior year, the firm posted $0.85 EPS. The company earned $1.45 billion during the quarter, compared to analysts’ expectations of $1.78 billion. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. On average, analysts predict that NiSource Inc. will post $1.06 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, July 29th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, July 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.53%. This is an increase from NiSource’s previous quarterly dividend of $0.16.

Several hedge funds and institutional investors recently added to or reduced their stakes in NI. Vanguard Group Inc. increased its position in NiSource by 5.9% in the fourth quarter. Vanguard Group Inc. now owns 28,165,168 shares of the company’s stock valued at $549,502,000 after buying an additional 1,580,685 shares in the last quarter. Victory Capital Management Inc. boosted its stake in NiSource by 0.7% in the fourth quarter. Victory Capital Management Inc. now owns 3,414,135 shares of the company’s stock valued at $66,610,000 after buying an additional 25,185 shares during the last quarter. Morgan Stanley boosted its stake in NiSource by 111.2% in the fourth quarter. Morgan Stanley now owns 2,886,991 shares of the company’s stock valued at $56,325,000 after buying an additional 1,520,089 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in NiSource by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,247,040 shares of the company’s stock valued at $24,332,000 after buying an additional 19,209 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in NiSource by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,212,738 shares of the company’s stock valued at $23,661,000 after buying an additional 57,683 shares during the last quarter.

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