NiSource (NI) Receiving Somewhat Positive Press Coverage, Analysis Shows
Press coverage about NiSource (NYSE:NI) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by reviewing more than twenty million news and blog 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 coverage optimism score of 0.15 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 47.2988859980499 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
NiSource (NYSE:NI) opened at $27.20 on Friday. NiSource has a 52 week low of $21.17 and a 52 week high of $27.61. The stock has a market capitalization of $9,268.56, a price-to-earnings ratio of 23.93, a PEG ratio of 4.07 and a beta of 0.37. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72.
NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same quarter in the prior year, the business posted $0.06 earnings per share. research analysts expect that NiSource will post 1.19 EPS for the current year.
A number of research analysts recently commented on NI shares. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, July 14th. Jefferies Group LLC restated a “hold” rating and set a $23.00 price objective on shares of NiSource in a research note on Friday, July 14th. Wells Fargo & Company started coverage on NiSource in a research note on Wednesday, August 9th. They set an “outperform” rating and a $30.00 price objective for the company. Credit Suisse Group upgraded NiSource from an “underperform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $29.00 in a research note on Monday, August 14th. Finally, KeyCorp restated a “buy” rating and set a $29.50 price objective on shares of NiSource in a research note on Friday, September 1st. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.85.
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In other news, Director Michael E. Jesanis acquired 2,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average price of $26.44 per share, for a total transaction of $52,880.00. Following the completion of the acquisition, the director now directly owns 34,195 shares in the company, valued at approximately $904,115.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.
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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