News coverage about NiSource (NYSE:NI) has been trending somewhat positive recently, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. NiSource earned a news impact score of 0.18 on Alpha One’s scale. Alpha One also assigned media headlines about the utilities provider an impact score of 71 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Alpha One’s analysis:
- NiSource CEO signs on to national diversity initiative – nwitimes.com (nwitimes.com)
- Research Analysts Issue Forecasts for NiSource, Inc’s FY2018 Earnings (NI) (americanbankingnews.com)
- Plugging in: Oklahoma energy briefs for Friday, June 16. (newsok.com)
- Williams Appoints Chad Zamarin as Senior Vice President of Corporate Strategic Development (marketwatch.com)
- Alun Wyn Jones to lead Lions recovery mission against Crusaders (ekosvoice.com)
NI has been the topic of several recent research reports. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a report on Tuesday. Barclays PLC reaffirmed an “equal weight” rating and set a $26.00 price objective (up from $25.00) on shares of NiSource in a report on Thursday, June 1st. Ladenburg Thalmann Financial Services initiated coverage on NiSource in a report on Friday, May 19th. They set a “buy” rating and a $27.00 price objective on the stock. Zelman & Associates cut NiSource from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $23.00 price objective on shares of NiSource in a report on Friday, March 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $25.68.
NiSource (NYSE:NI) traded up 0.04% during mid-day trading on Friday, reaching $26.06. The company had a trading volume of 4,571,688 shares. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 23.82 and a beta of 0.34. The stock has a 50 day moving average of $25.14 and a 200 day moving average of $23.45. NiSource has a 52 week low of $21.17 and a 52 week high of $26.94.
NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.06. NiSource had a return on equity of 9.18% and a net margin of 7.65%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Analysts anticipate that NiSource will post $1.18 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, July 31st will be given a $0.175 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.70 dividend on an annualized basis and a yield of 2.69%. NiSource’s dividend payout ratio is currently 64.22%.
In other NiSource news, CFO Donald Eugene Brown sold 6,906 shares of NiSource stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $25.51, for a total value of $176,172.06. Following the sale, the chief financial officer now owns 141,168 shares in the company, valued at $3,601,195.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Pablo Vegas sold 7,200 shares of NiSource stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $25.12, for a total value of $180,864.00. Following the completion of the sale, the executive vice president now owns 94,885 shares in the company, valued at approximately $2,383,511.20. The disclosure for this sale can be found here. Insiders sold 89,981 shares of company stock worth $2,191,779 in the last 90 days. Company insiders own 0.32% 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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