NiSource (NI) Getting Somewhat Favorable Media Coverage, Accern Reports
News articles about NiSource (NYSE:NI) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NiSource earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the utilities provider an impact score of 45.9738176964437 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Apple May Show iPhone 8 on September 12th (wisdomsave.com)
- NiSource Inc (NI) Hits New 52-Week High (highlightpress.com)
- What’s Behind NiSource Inc (NI)’s Movement – Evergreen Caller (evergreencaller.com)
- Positive Ichimoku Levels For NiSource Inc (NI) Indicate Upward Momentum – Evergreen Caller (evergreencaller.com)
- Does NiSource Inc. (NI) Present Much Upside ? – StockNewsGazette (stocknewsgazette.com)
Shares of NiSource (NYSE NI) opened at 27.11 on Friday. The company has a market cap of $8.83 billion, a price-to-earnings ratio of 31.45 and a beta of 0.37. The firm has a 50 day moving average price of $26.24 and a 200-day moving average price of $24.83. NiSource has a 52-week low of $21.17 and a 52-week high of $27.22.
NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.10. NiSource had a net margin of 5.96% and a return on equity of 9.17%. The company had revenue of $990.70 million for the quarter, compared to analyst estimates of $934.95 million. During the same period in the prior year, the company posted $0.09 EPS. Equities research analysts anticipate that NiSource will post $1.19 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, October 31st will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Monday, October 30th. NiSource’s dividend payout ratio (DPR) is currently 81.40%.
A number of equities analysts have recently commented on NI shares. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Thursday, June 1st. Zelman & Associates lowered NiSource from a “buy” rating to a “hold” rating in a research report on Tuesday, May 30th. Ladenburg Thalmann Financial Services initiated coverage on NiSource in a research report on Friday, May 19th. They set a “buy” rating and a $27.00 price objective on the stock. Barclays PLC restated an “equal weight” rating and set a $26.00 price objective (up previously from $25.00) on shares of NiSource in a research report on Thursday, June 1st. Finally, Jefferies Group LLC restated a “hold” rating and set a $23.00 price objective on shares of NiSource in a research report on Friday, July 14th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $26.33.
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In other news, Director Michael E. Jesanis acquired 2,000 shares of NiSource stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $26.44 per share, with a total value of $52,880.00. Following the transaction, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $904,115.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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