NiSource (NYSE:NI) received a $27.00 price objective from equities researchers at JPMorgan Chase & Co. in a research note issued on Monday. The firm currently has a “buy” rating on the utilities provider’s stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 8.91% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Guggenheim restated a “buy” rating and set a $28.00 price objective on shares of NiSource in a research report on Monday, July 23rd. ValuEngine upgraded NiSource from a “sell” rating to a “hold” rating in a report on Friday, June 22nd. Barclays initiated coverage on NiSource in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $27.00 price target on the stock. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, July 3rd. Finally, KeyCorp increased their price target on NiSource from $26.00 to $27.00 and gave the stock a “$26.15” rating in a report on Thursday, July 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $26.80.

Shares of NI stock opened at $24.79 on Monday. NiSource has a 1 year low of $22.44 and a 1 year high of $28.11. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 1.40. The company has a market cap of $10.13 billion, a price-to-earnings ratio of 20.49, a P/E/G ratio of 3.93 and a beta of 0.17.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). NiSource had a net margin of 5.20% and a return on equity of 9.19%. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $999.39 million. During the same quarter last year, the company earned $0.10 earnings per share. equities research analysts anticipate that NiSource will post 1.29 earnings per share for the current fiscal year.

In other NiSource news, CFO Donald Eugene Brown sold 2,400 shares of the firm’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $26.50, for a total transaction of $63,600.00. Following the transaction, the chief financial officer now directly owns 49,167 shares in the company, valued at approximately $1,302,925.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Carrie J. Hightman sold 27,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $26.75, for a total value of $722,250.00. Following the transaction, the executive vice president now owns 325,066 shares in the company, valued at $8,695,515.50. The disclosure for this sale can be found here. Corporate insiders own 0.37% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC purchased a new position in NiSource during the 2nd quarter worth $104,000. Tower Research Capital LLC TRC bought a new stake in NiSource during the 2nd quarter valued at $105,000. Advisors Asset Management Inc. bought a new stake in NiSource during the 2nd quarter valued at $110,000. Parallel Advisors LLC boosted its position in NiSource by 286.6% during the 2nd quarter. Parallel Advisors LLC now owns 4,701 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 3,485 shares in the last quarter. Finally, Optimum Investment Advisors bought a new stake in NiSource during the 1st quarter valued at $121,000. Institutional investors own 90.61% of the company’s stock.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

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Analyst Recommendations for NiSource (NYSE:NI)

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