TheStreet upgraded shares of NiSource (NYSE:NI) from a c+ rating to a b- rating in a research report sent to investors on Monday morning, TheStreetRatingsTable reports.

Other research analysts also recently issued research reports about the company. Goldman Sachs Group upgraded NiSource from a neutral rating to a buy rating and upped their target price for the stock from $26.00 to $29.00 in a report on Monday, April 8th. ValuEngine upgraded NiSource from a hold rating to a buy rating in a research note on Friday, March 1st. KeyCorp restated a buy rating and issued a $28.50 price target on shares of NiSource in a research note on Tuesday, February 5th. Zacks Investment Research upgraded NiSource from a sell rating to a hold rating in a research note on Wednesday, January 23rd. Finally, Bank of America downgraded NiSource from a buy rating to a neutral rating and set a $27.37 price target on the stock. in a research note on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $27.87.

NI stock opened at $28.06 on Monday. NiSource has a fifty-two week low of $23.23 and a fifty-two week high of $28.85. The company has a current ratio of 0.48, a quick ratio of 0.42 and a debt-to-equity ratio of 1.45. The company has a market cap of $10.48 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 3.68 and a beta of 0.26.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. NiSource had a positive return on equity of 10.76% and a negative net margin of 2.06%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the business earned $0.77 EPS. On average, analysts expect that NiSource will post 1.3 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Wednesday, July 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.85%. NiSource’s payout ratio is currently 61.54%.

Several institutional investors have recently bought and sold shares of NI. Bank of Nova Scotia lifted its position in NiSource by 6.1% in the 4th quarter. Bank of Nova Scotia now owns 78,051 shares of the utilities provider’s stock valued at $1,977,000 after acquiring an additional 4,490 shares in the last quarter. Paloma Partners Management Co bought a new position in NiSource in the 4th quarter valued at approximately $331,000. TD Asset Management Inc. lifted its position in NiSource by 1.6% in the 4th quarter. TD Asset Management Inc. now owns 178,612 shares of the utilities provider’s stock valued at $4,528,000 after acquiring an additional 2,869 shares in the last quarter. Millennium Management LLC lifted its position in NiSource by 8.2% in the 4th quarter. Millennium Management LLC now owns 5,509,983 shares of the utilities provider’s stock valued at $139,678,000 after acquiring an additional 416,570 shares in the last quarter. Finally, Calamos Advisors LLC lifted its position in NiSource by 2.5% in the 1st quarter. Calamos Advisors LLC now owns 278,099 shares of the utilities provider’s stock valued at $7,970,000 after acquiring an additional 6,851 shares in the last quarter. Institutional investors own 94.09% 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. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Analyst Recommendations for NiSource (NYSE:NI)

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