NiSource Inc. (NYSE:NI)’s share price traded down 1.3% during trading on Monday . The company traded as low as $24.68 and last traded at $24.69, with a volume of 2,100,362 shares trading hands. The stock had previously closed at $25.01.

A number of equities analysts recently commented on the company. Evercore ISI lowered NiSource from a “hold” rating to a “sell” rating and set a $23.75 price target for the company. in a research note on Wednesday, July 6th. JPMorgan Chase & Co. reissued a “hold” rating and set a $26.00 price target on shares of NiSource in a research note on Wednesday, August 3rd. Argus reissued a “hold” rating on shares of NiSource in a research note on Monday, July 11th. Citigroup Inc. increased their price target on NiSource from $18.08 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. Finally, Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Two equities 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 stock presently has an average rating of “Hold” and an average target price of $23.50.

The firm has a market cap of $7.91 billion and a PE ratio of 29.87. The firm has a 50 day moving average of $25.75 and a 200 day moving average of $23.80.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be paid a $0.165 dividend. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.66 annualized dividend and a dividend yield of 2.69%.

A number of large investors have recently bought and sold shares of NI. Utah Retirement Systems boosted its stake in NiSource by 0.4% in the fourth quarter. Utah Retirement Systems now owns 56,884 shares of the company’s stock valued at $1,110,000 after buying an additional 200 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its stake 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 during the last quarter. US Bancorp DE boosted 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 during the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake 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 during the last quarter. Finally, State of Tennessee Treasury Department boosted its stake 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 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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