Shares of NiSource Inc. (NYSE:NI) fell 1.8% during mid-day trading on Wednesday . The company traded as low as $25.41 and last traded at $25.47, with a volume of 1,601,901 shares changing hands. The stock had previously closed at $25.94.

A number of research firms have recently issued reports on NI. Evercore ISI lowered shares of NiSource from a “hold” rating to a “sell” rating and set a $23.75 price objective on the stock. in a research note on Wednesday, July 6th. Zacks Investment Research downgraded shares of NiSource from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. KeyCorp reissued an “outperform” rating and set a $27.00 price target (up previously from $25.50) on shares of NiSource in a research report on Tuesday, July 5th. Citigroup Inc. raised their price target on shares of NiSource from $18.08 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Finally, Jefferies Group downgraded shares of NiSource from a “hold” rating to an “underperform” rating and set a $22.00 price target for the company. in a research report on Monday, July 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $22.61.

The company has a 50-day moving average price of $25.82 and a 200-day moving average price of $23.52. The firm has a market capitalization of $8.15 billion and a PE ratio of 41.00.

NiSource (NYSE:NI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.01. During the same period in the prior year, the firm posted $0.18 earnings per share. On average, analysts forecast that NiSource Inc. will post $1.07 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, July 29th will be paid a $0.165 dividend. The ex-dividend date is Wednesday, July 27th. This is a positive change from NiSource’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 2.60%.

Other large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of 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 during the last quarter. Morgan Stanley boosted its stake in shares of 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. Principal Financial Group Inc. boosted its stake in shares of NiSource by 90.5% in the fourth quarter. Principal Financial Group Inc. now owns 922,569 shares of the company’s stock valued at $17,999,000 after buying an additional 438,228 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of NiSource by 98.1% in the fourth quarter. Bank of Montreal Can now owns 576,218 shares of the company’s stock valued at $11,242,000 after buying an additional 285,409 shares during the last quarter. Finally, Dai Ichi Life Insurance CO. LTD. boosted its stake in shares of NiSource by 249.6% in the fourth quarter. Dai Ichi Life Insurance CO. LTD. now owns 237,135 shares of the company’s stock valued at $4,627,000 after buying an additional 169,296 shares during the last quarter.

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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