Shares of NiSource Inc. (NYSE:NI) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.36.

NI has been the topic of several analyst reports. UBS Group dropped their target price on NiSource from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Wednesday. ValuEngine raised shares of NiSource from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Barclays raised shares of NiSource from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $32.00 to $31.00 in a research report on Thursday, October 31st. Finally, Credit Suisse Group set a $29.00 price objective on shares of NiSource and gave the company a “hold” rating in a research note on Friday, November 1st.

Large investors have recently bought and sold shares of the stock. Hanson & Doremus Investment Management bought a new position in NiSource in the 3rd quarter valued at about $29,000. Neo Ivy Capital Management bought a new position in NiSource during the second quarter valued at about $31,000. Coastal Investment Advisors Inc. acquired a new position in shares of NiSource in the 2nd quarter worth approximately $31,000. Pearl River Capital LLC bought a new stake in shares of NiSource during the 2nd quarter worth $34,000. Finally, Meeder Asset Management Inc. raised its position in shares of NiSource by 2,080.5% during the second quarter. Meeder Asset Management Inc. now owns 1,897 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 1,810 shares during the period. Institutional investors and hedge funds own 91.18% of the company’s stock.

Shares of NI opened at $26.65 on Friday. The stock’s fifty day simple moving average is $27.00 and its 200 day simple moving average is $28.57. The firm has a market capitalization of $9.88 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 3.87 and a beta of 0.20. The company has a current ratio of 0.41, a quick ratio of 0.28 and a debt-to-equity ratio of 1.58. NiSource has a twelve month low of $24.36 and a twelve month high of $30.67.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). NiSource had a return on equity of 9.70% and a net margin of 9.70%. The business had revenue of $931.50 million for the quarter, compared to analysts’ expectations of $939.83 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts predict that NiSource will post 1.3 earnings per share for the current year.

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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