NiSource (NYSE:NI) received a $27.00 price target from analysts at Wolfe Research in a research note issued on Monday. The firm presently has a “buy” rating on the utilities provider’s stock. Wolfe Research’s price target indicates a potential upside of 5.55% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Bank of America reaffirmed a “buy” rating and issued a $28.00 target price on shares of NiSource in a research note on Monday. JPMorgan Chase & Co. set a $27.00 target price on shares of NiSource and gave the company a “buy” rating in a research note on Monday. Guggenheim reaffirmed a “buy” rating and issued a $28.00 target price on shares of NiSource in a research note on Monday, July 23rd. ValuEngine raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Friday, June 22nd. Finally, Barclays began coverage on shares of NiSource in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.82.

Shares of NYSE NI traded up $0.79 during trading on Monday, reaching $25.58. The company had a trading volume of 516,199 shares, compared to its average volume of 1,900,574. NiSource has a 52 week low of $22.44 and a 52 week high of $28.11. The company has a market cap of $10.13 billion, a PE ratio of 21.16, a P/E/G ratio of 3.93 and a beta of 0.17. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 1.40.

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

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its position in shares of NiSource by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 3,402,899 shares of the utilities provider’s stock valued at $89,429,000 after purchasing an additional 45,713 shares during the period. Schroder Investment Management Group raised its position in shares of NiSource by 0.3% in the second quarter. Schroder Investment Management Group now owns 2,334,425 shares of the utilities provider’s stock valued at $60,975,000 after purchasing an additional 5,885 shares during the period. Advisors Asset Management Inc. bought a new position in shares of NiSource in the second quarter valued at about $110,000. Public Employees Retirement System of Ohio raised its position in shares of NiSource by 2.0% in the second quarter. Public Employees Retirement System of Ohio now owns 148,204 shares of the utilities provider’s stock valued at $3,895,000 after purchasing an additional 2,944 shares during the period. Finally, Bank of Nova Scotia raised its position in shares of NiSource by 10.3% in the second quarter. Bank of Nova Scotia now owns 37,533 shares of the utilities provider’s stock valued at $986,000 after purchasing an additional 3,497 shares during the period. 90.61% of the stock is currently owned by hedge funds and other institutional investors.

About NiSource

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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