NiSource Inc. (NYSE:NI)’s share price gapped up prior to trading on Friday . The stock had previously closed at $24.98, but opened at $25.02. NiSource shares last traded at $25.06, with a volume of 804,238 shares trading hands.

NI has been the subject of a number of analyst reports. Evercore ISI lowered shares of NiSource from a “hold” rating to a “sell” rating and set a $23.75 price objective for the company. in a research report on Wednesday, July 6th. Jefferies Group lowered shares of NiSource from a “hold” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Monday, July 25th. KeyCorp restated an “outperform” rating and issued a $27.00 price objective (up from $25.50) on shares of NiSource in a research report on Tuesday, July 5th. Argus restated a “hold” rating on shares of NiSource in a research report on Monday, July 11th. Finally, Citigroup Inc. raised their price objective on shares of NiSource from $18.08 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.50.

The firm has a 50 day moving average price of $25.77 and a 200 day moving average price of $23.72. The firm has a market capitalization of $8.06 billion and a PE ratio of 30.43.

NiSource (NYSE:NI) last released 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 quarter in the previous year, the business posted $0.18 EPS. Equities research analysts predict that NiSource Inc. will post $1.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Stockholders of record on Monday, October 31st will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.64%. The ex-dividend date is Thursday, October 27th.

A number of large investors have recently added to or reduced their stakes in NI. Morgan Stanley raised 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 in the last quarter. Principal Financial Group Inc. raised its stake in 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 in the last quarter. Bank of Montreal Can raised its stake in 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 in the last quarter. Advisors Asset Management Inc. raised its stake in NiSource by 61.8% in the fourth quarter. Advisors Asset Management Inc. now owns 411,221 shares of the company’s stock valued at $8,023,000 after buying an additional 157,130 shares in the last quarter. Finally, US Bancorp DE raised its stake in NiSource by 54.9% in the fourth quarter. US Bancorp DE now owns 172,997 shares of the company’s stock valued at $3,376,000 after buying an additional 61,335 shares in 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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