Goldman Sachs Group upgraded shares of NiSource (NYSE:NI) from a neutral rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports. Goldman Sachs Group currently has $23.00 price target on the utilities provider’s stock.

NI has been the topic of several other reports. Zacks Investment Research downgraded shares of NiSource from a buy rating to a hold rating in a research report on Wednesday, September 20th. Credit Suisse Group lifted their price objective on shares of NiSource from $29.00 to $30.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. lifted their price objective on shares of NiSource from $25.00 to $27.00 and gave the company a neutral rating in a research report on Thursday, October 12th. Edward Jones upgraded shares of NiSource from a hold rating to a buy rating in a research report on Tuesday. Finally, KeyCorp reiterated a buy rating and issued a $29.50 price objective on shares of NiSource in a research report on Friday, October 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NiSource presently has an average rating of Buy and a consensus price target of $27.41.

Shares of NiSource (NYSE:NI) remained flat at $$24.13 during trading hours on Wednesday. 3,112,630 shares of the stock were exchanged, compared to its average volume of 2,963,591. The stock has a market capitalization of $8,130.00, a P/E ratio of 29.07, a P/E/G ratio of 3.27 and a beta of 0.43. NiSource has a 12-month low of $21.65 and a 12-month high of $27.76. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. NiSource had a net margin of 1.53% and a return on equity of 1.32%. During the same period last year, the firm posted $0.06 EPS. sell-side analysts expect that NiSource will post 1.2 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in NI. Cambridge Investment Research Advisors Inc. increased its stake in NiSource by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,636 shares of the utilities provider’s stock valued at $295,000 after buying an additional 68 shares during the period. Principal Financial Group Inc. increased its stake in NiSource by 1.0% during the 2nd quarter. Principal Financial Group Inc. now owns 502,702 shares of the utilities provider’s stock valued at $12,748,000 after buying an additional 4,807 shares during the period. Engineers Gate Manager LP increased its stake in NiSource by 313.1% during the 2nd quarter. Engineers Gate Manager LP now owns 50,396 shares of the utilities provider’s stock valued at $1,278,000 after buying an additional 38,196 shares during the period. CIBC World Markets Inc. increased its stake in NiSource by 49.8% during the 2nd quarter. CIBC World Markets Inc. now owns 32,953 shares of the utilities provider’s stock valued at $836,000 after buying an additional 10,960 shares during the period. Finally, Wells Fargo & Company MN increased its stake in NiSource by 6.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,060,829 shares of the utilities provider’s stock valued at $26,902,000 after buying an additional 62,809 shares during the period. 82.19% of the stock is currently owned by hedge funds and other institutional investors.

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About NiSource

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 Company’s 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.

Analyst Recommendations for NiSource (NYSE:NI)

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