Edward Jones upgraded shares of NiSource (NYSE:NI) from a hold rating to a buy rating in a research note published on Tuesday morning, The Fly reports.

NI has been the subject of a number of other research reports. Zacks Investment Research lowered NiSource from a buy rating to a hold rating in a research report on Wednesday, September 20th. Credit Suisse Group boosted their price objective on NiSource from $29.00 to $30.00 and gave the company an outperform rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. boosted their price objective on NiSource from $25.00 to $27.00 and gave the company a neutral rating in a research report on Thursday, October 12th. KeyCorp restated a buy rating and set a $29.50 price objective on shares of NiSource in a research report on Friday, October 20th. Finally, Jefferies Group restated a hold rating and set a $26.00 price objective on shares of NiSource in a research report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $27.85.

NiSource (NYSE NI) traded down $0.57 during trading hours on Tuesday, reaching $24.13. The company had a trading volume of 3,861,034 shares, compared to its average volume of 2,980,000. NiSource has a twelve month low of $21.65 and a twelve month high of $27.76. The firm has a market cap of $8,130.00, a price-to-earnings ratio of 29.07, a P/E/G ratio of 3.27 and a beta of 0.43. 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 data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The business had revenue of $917.00 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the previous year, the firm posted $0.06 EPS. sell-side analysts forecast that NiSource will post 1.2 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. TCI Wealth Advisors Inc. boosted its position in NiSource by 0.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 24 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in NiSource by 0.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,636 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 68 shares during the period. D.A. Davidson & CO. boosted its position in NiSource by 1.2% during the 2nd quarter. D.A. Davidson & CO. now owns 11,644 shares of the utilities provider’s stock worth $295,000 after acquiring an additional 134 shares during the period. Advisor Group Inc. boosted its position in NiSource by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 15,317 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 174 shares during the period. Finally, Advisory Services Network LLC boosted its position in NiSource by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 200 shares during the period. Institutional investors own 82.19% of the company’s stock.

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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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