NiSource Inc. (NYSE:NI) shares gapped up before the market opened 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.

Several brokerages have recently weighed in on NI. Evercore ISI cut NiSource from a “hold” rating to a “sell” rating and set a $23.75 target price on the stock. in a report on Wednesday, July 6th. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. KeyCorp reaffirmed an “outperform” rating and set a $27.00 price objective (up previously from $25.50) on shares of NiSource in a research report on Tuesday, July 5th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $26.00 price objective on shares of NiSource in a research report on Wednesday, August 3rd. Finally, Citigroup Inc. upped their price objective on NiSource from $18.08 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. NiSource currently has an average rating of “Hold” and an average target price 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 price-to-earnings ratio of 30.43.

NiSource (NYSE:NI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.01. During the same quarter last year, the business earned $0.18 earnings per share. Equities analysts predict that NiSource Inc. will post $1.07 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.64%.

Several large investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems raised its stake in NiSource by 0.4% in the fourth quarter. Utah Retirement Systems now owns 56,884 shares of the company’s stock worth $1,110,000 after buying an additional 200 shares in the last quarter. Aberdeen Asset Management PLC UK raised its position in NiSource by 28.1% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 91,265 shares of the company’s stock valued at $1,802,000 after buying an additional 20,024 shares in the last quarter. US Bancorp DE raised its position 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. Cornerstone Capital Management Holdings LLC. raised its position in NiSource by 40.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 174,796 shares of the company’s stock valued at $3,410,000 after buying an additional 50,674 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in NiSource by 25.3% in the fourth quarter. State of Tennessee Treasury Department now owns 238,240 shares of the company’s stock valued at $4,648,000 after buying an additional 48,163 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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