News coverage about NiSource (NYSE:NI) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to 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 assigned media headlines about the utilities provider an impact score of 45.7400105415347 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- What Do Moving Averages Indicate? – NiSource Inc. (NYSE: NI) (financerater.com)
- Keep tabs on Active Stock: NiSource Inc. (NI) (stockquote.review)
- Is NiSource Inc. (NI) In Search of Footing? (nmsunews.com)
- NiSource Named Top Dividend Stock With Insider Buying and 3.20% Yield (nasdaq.com)
- NiSource (NI) Upgraded by JPMorgan Chase to Buy (americanbankingnews.com)
A number of research firms have recently commented on NI. Guggenheim reaffirmed a “buy” rating and issued a $27.00 price target on shares of NiSource in a report on Friday, February 23rd. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price target on shares of NiSource in a report on Thursday, March 15th. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a report on Wednesday, April 11th. Bank of America reaffirmed a “buy” rating and issued a $28.00 price target on shares of NiSource in a report on Monday, May 7th. Finally, JPMorgan Chase cut their price target on NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. NiSource presently has an average rating of “Buy” and a consensus price target of $26.45.
NYSE:NI remained flat at $$24.40 during trading hours on Tuesday. The company had a trading volume of 2,189,859 shares, compared to its average volume of 3,647,822. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 3.46 and a beta of 0.25. NiSource has a 12 month low of $22.44 and a 12 month high of $27.76. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.62.
NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.66 billion. NiSource had a return on equity of 9.85% and a net margin of 3.85%. During the same quarter last year, the company earned $0.71 earnings per share. equities analysts predict that NiSource will post 1.29 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 20th. Investors of record on Tuesday, July 31st will be paid a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Monday, July 30th. NiSource’s dividend payout ratio is 64.46%.
In related news, VP Teresa M. Smith sold 15,748 shares of NiSource stock in a transaction on Monday, May 7th. The stock was sold at an average price of $25.35, for a total transaction of $399,211.80. Following the completion of the sale, the vice president now owns 11,873 shares of the company’s stock, valued at $300,980.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eric L. Butler acquired 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 9th. The shares were acquired at an average cost of $24.83 per share, with a total value of $99,320.00. Following the purchase, the director now directly owns 13,687 shares of the company’s stock, valued at approximately $339,848.21. The disclosure for this purchase can be found here. 0.37% of the stock is currently owned by company insiders.
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 to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.
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