NiSource (NYSE:NI) Sets New 52-Week High at $34.57

NiSource Inc. (NYSE:NI)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $34.57 and last traded at $34.45, with a volume of 56613 shares. The stock had previously closed at $34.38.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on NI shares. BMO Capital Markets lifted their price objective on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Mizuho initiated coverage on shares of NiSource in a report on Thursday, July 11th. They issued an “outperform” rating and a $33.00 target price for the company. Barclays raised their target price on shares of NiSource from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Bank of America initiated coverage on shares of NiSource in a report on Thursday, September 12th. They issued a “buy” rating and a $37.00 target price for the company. Finally, Evercore ISI raised their target price on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.43.

NiSource Stock Up 0.1 %

The business’s fifty day moving average is $32.56 and its two-hundred day moving average is $29.77. The company has a market cap of $15.42 billion, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.78.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.15 by $0.06. NiSource had a net margin of 14.76% and a return on equity of 9.15%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business posted $0.11 EPS. Equities analysts predict that NiSource Inc. will post 1.72 EPS for the current year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be issued a $0.265 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 annualized dividend and a dividend yield of 3.08%. NiSource’s dividend payout ratio is currently 69.28%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. MCF Advisors LLC purchased a new stake in shares of NiSource in the 2nd quarter valued at $25,000. Ashton Thomas Private Wealth LLC acquired a new position in NiSource during the second quarter worth $25,000. First Financial Corp IN purchased a new stake in shares of NiSource during the first quarter worth $31,000. Crewe Advisors LLC purchased a new stake in shares of NiSource during the first quarter worth $31,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of NiSource during the first quarter worth $43,000. Hedge funds and other institutional investors 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.