NiSource Inc. (NYSE:NI) has earned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $27.43.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised NiSource from a “sell” rating to a “hold” rating and set a $27.00 price objective for the company in a research report on Tuesday, July 27th. The Goldman Sachs Group raised NiSource from a “neutral” rating to a “buy” rating and raised their price objective for the company from $27.00 to $29.00 in a research report on Tuesday.
In other NiSource news, CFO Donald Eugene Brown sold 19,762 shares of NiSource stock in a transaction on Friday, August 20th. The stock was sold at an average price of $25.68, for a total value of $507,488.16. Following the completion of the sale, the chief financial officer now owns 145,938 shares of the company’s stock, valued at approximately $3,747,687.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is currently owned by company insiders.
Shares of NI traded up $0.25 on Monday, reaching $24.94. The stock had a trading volume of 38,736 shares, compared to its average volume of 3,640,651. The firm has a market capitalization of $9.79 billion, a price-to-earnings ratio of 47.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.32. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.62 and a current ratio of 0.81. The company has a 50-day simple moving average of $24.76 and a 200-day simple moving average of $25.11. NiSource has a 12-month low of $21.09 and a 12-month high of $26.60.
NiSource (NYSE:NI) last released its earnings results on Wednesday, August 4th. The utilities provider reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. NiSource had a return on equity of 11.57% and a net margin of 5.75%. The company had revenue of $986.00 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the business posted $0.13 EPS. On average, analysts expect that NiSource will post 1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 19th. Shareholders of record on Friday, October 29th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Thursday, October 28th. NiSource’s payout ratio is 66.67%.
NiSource Company Profile
NiSource, Inc is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers.
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