NiSource Inc. (NYSE:NI – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $36.00 to $38.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. NiSource traded as high as $35.21 and last traded at $35.20, with a volume of 897222 shares traded. The stock had previously closed at $34.77.
Several other equities analysts have also weighed in on the stock. Evercore ISI lifted their target price on shares of NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Wells Fargo & Company lifted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays lifted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets boosted their price target on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Finally, Mizuho started coverage on shares of NiSource in a report on Thursday, July 11th. They issued an “outperform” rating and a $33.00 price target for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and an average price target of $36.29.
Read Our Latest Report on NiSource
Institutional Trading of NiSource
NiSource Stock Performance
The company has a current ratio of 0.78, a quick ratio of 0.63 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $15.76 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51. The firm’s fifty day moving average is $33.69 and its 200-day moving average is $30.65.
NiSource (NYSE:NI – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a net margin of 14.76% and a return on equity of 9.15%. During the same period in the prior year, the firm earned $0.11 earnings per share. As a group, research analysts anticipate that NiSource Inc. will post 1.72 earnings per share for the current year.
NiSource Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.01%. NiSource’s payout ratio is 69.28%.
NiSource Company Profile
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.
Featured Articles
- Five stocks we like better than NiSource
- 3 Warren Buffett Stocks to Buy Now
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- How to Find Undervalued Stocks
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Why Invest in 5G? How to Invest in 5G Stocks
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.