NiSource (NYSE:NI) was upgraded by equities researchers at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat Ratings reports. The firm currently has a $23.00 price target on the utilities provider’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 4.68% from the company’s previous close.

Several other analysts also recently commented on NI. Edward Jones raised shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group reissued a “hold” rating and issued a $26.00 target price on shares of NiSource in a research report on Wednesday, December 20th. Citigroup boosted their target price on shares of NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group boosted their target price on shares of NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. NiSource has a consensus rating of “Buy” and an average price target of $27.41.

NiSource (NI) opened at $24.13 on Wednesday. NiSource has a 1 year low of $21.65 and a 1 year high of $27.76. The company has a market cap of $8,130.00, a P/E ratio of 29.07, a P/E/G ratio of 3.27 and a beta of 0.43. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. NiSource had a net margin of 1.53% and a return on equity of 1.32%. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. During the same period in the previous year, the firm posted $0.06 earnings per share. equities analysts anticipate that NiSource will post 1.2 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of NI. Tortoise Investment Management LLC bought a new stake in shares of NiSource during the 3rd quarter worth $113,000. First Quadrant L P CA bought a new stake in shares of NiSource during the 3rd quarter worth $114,000. Valeo Financial Advisors LLC bought a new stake in shares of NiSource during the 3rd quarter worth $114,000. Advisory Services Network LLC boosted its holdings in shares of 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 buying an additional 200 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of 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 buying an additional 24 shares during the period. 82.19% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for NiSource (NYSE:NI)

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