NiSource (NYSE:NI) PT Raised to $38.00

NiSource (NYSE:NI) had its price objective increased by research analysts at Barclays from $35.00 to $38.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s target price would suggest a potential upside of 9.27% from the company’s current price.

A number of other research firms have also issued reports on NI. BMO Capital Markets raised their target price on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Bank of America assumed coverage on NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective on the stock. Evercore ISI boosted their price objective on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Mizuho assumed coverage on NiSource in a research report on Thursday, July 11th. They issued an “outperform” rating and a $33.00 price target on the stock. Finally, Wells Fargo & Company raised their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.00.

NiSource Price Performance

Shares of NYSE:NI opened at $34.78 on Monday. The stock has a market capitalization of $15.59 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.84 and a beta of 0.51. The business has a 50-day moving average of $33.63 and a two-hundred day moving average of $30.60. NiSource has a fifty-two week low of $24.58 and a fifty-two week high of $35.19. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.63.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.06. NiSource had a return on equity of 9.15% and a net margin of 14.76%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.11 EPS. On average, equities research analysts predict that NiSource will post 1.72 EPS for the current fiscal year.

Institutional Investors Weigh In On NiSource

Institutional investors have recently bought and sold shares of the business. Ashton Thomas Private Wealth LLC bought a new position in shares of NiSource during the 2nd quarter worth about $25,000. MCF Advisors LLC bought a new position in NiSource during the second quarter worth about $25,000. Crewe Advisors LLC bought a new position in NiSource during the first quarter worth about $31,000. First Financial Corp IN bought a new stake in shares of NiSource in the 1st quarter valued at approximately $31,000. Finally, Friedenthal Financial acquired a new position in shares of NiSource in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

About NiSource

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.