NiSource (NYSE:NI) Research Coverage Started at Credit Suisse Group

Stock analysts at Credit Suisse Group started coverage on shares of NiSource (NYSE:NIGet Rating) in a research note issued on Monday, The Fly reports. The brokerage set a “neutral” rating on the utilities provider’s stock.

NI has been the subject of several other research reports. Wells Fargo & Company upped their price objective on shares of NiSource from $31.00 to $35.00 and gave the company an “overweight” rating in a research note on Tuesday, April 19th. Zacks Investment Research upgraded shares of NiSource from a “sell” rating to a “hold” rating and set a $33.00 target price on the stock in a report on Friday, April 1st. Evercore ISI upgraded shares of NiSource from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $30.00 in a report on Tuesday, January 25th. StockNews.com assumed coverage on shares of NiSource in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, UBS Group lowered shares of NiSource from a “buy” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $31.00 in a report on Tuesday, February 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, NiSource has an average rating of “Buy” and a consensus price target of $31.33.

Shares of NiSource stock traded down $0.29 on Monday, hitting $30.58. 6,173,693 shares of the company traded hands, compared to its average volume of 5,191,003. The company has a market cap of $12.40 billion, a PE ratio of 23.34, a PEG ratio of 3.01 and a beta of 0.32. NiSource has a 52 week low of $23.65 and a 52 week high of $32.58. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.60. The stock’s 50 day moving average price is $30.39 and its 200-day moving average price is $27.83.

NiSource (NYSE:NIGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The utilities provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.37 billion. NiSource had a net margin of 11.94% and a return on equity of 11.61%. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, research analysts anticipate that NiSource will post 1.45 EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Cerity Partners LLC acquired a new position in shares of NiSource during the first quarter worth about $361,000. TI Trust Inc. boosted its holdings in NiSource by 131.1% during the first quarter. TI Trust Inc. now owns 18,950 shares of the utilities provider’s stock worth $603,000 after buying an additional 10,750 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in NiSource by 45,333.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,399,812 shares of the utilities provider’s stock worth $108,114,000 after buying an additional 3,392,329 shares in the last quarter. Main Street Financial Solutions LLC purchased a new stake in NiSource during the first quarter worth about $228,000. Finally, Empirical Finance LLC purchased a new stake in NiSource during the first quarter worth about $211,000. Institutional investors and hedge funds own 96.85% of the company’s stock.

About NiSource (Get Rating)

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.

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