Finally Time To Raise Your Stake? JP Morgan Upgrades NiSource (NYSE:NI) Shares

May 17, 2018 - By Alfred Lee

NiSource Inc. (NYSE:NI) Logo

Investors sentiment increased to 1.46 in 2017 Q4. Its up 0.11, from 1.35 in 2017Q3. It is positive, as 27 investors sold NiSource Inc. shares while 109 reduced holdings. 48 funds opened positions while 150 raised stakes. 281.01 million shares or 4.47% more from 269.00 million shares in 2017Q3 were reported.

North Star Invest Mgmt holds 0% of its portfolio in NiSource Inc. (NYSE:NI) for 500 shares. Victory Capital Mgmt Incorporated reported 0.12% in NiSource Inc. (NYSE:NI). Peak6 Investments Ltd Partnership holds 0% or 2,206 shares. Hartford Fincl Mngmt Inc reported 6,900 shares or 0.09% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt holds 0.01% or 4,900 shares in its portfolio. Tiaa Cref Inv Mngmt Ltd Liability has 1.18 million shares. 163,214 are owned by Retirement Sys Of Alabama. Cornerstone Capital Mgmt Limited Liability Com owns 0.01% invested in NiSource Inc. (NYSE:NI) for 63,322 shares. Aperio Group Limited Com has 240,074 shares for 0.03% of their portfolio. Kentucky Retirement System Tru Fund invested 0.04% in NiSource Inc. (NYSE:NI). Citigroup Incorporated has 0% invested in NiSource Inc. (NYSE:NI). Aviva Pcl owns 183,944 shares for 0.03% of their portfolio. New Mexico Educational Retirement Board has invested 0.03% in NiSource Inc. (NYSE:NI). Parametric Portfolio Assoc Ltd Liability Corp owns 1.04M shares. Illinois-based Trust Department Mb Financial Bank N A has invested 0% in NiSource Inc. (NYSE:NI).

Since May 7, 2018, it had 1 insider purchase, and 1 insider sale for $299,912 activity. Smith Teresa M had sold 15,748 shares worth $399,212.

NiSource (NYSE:NI) Stock Upgrade

NiSource (NYSE:NI)‘s stock was boosted to a solid “Overweight” by stock research analysts at JP Morgan. NI’s past “Neutral” rating is has been discontinued by the brokerage firm.

NiSource Inc. (NYSE:NI) Ratings Coverage

Among 7 analysts covering NiSource (NYSE:NI), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. NiSource has $31 highest and $25 lowest target. $27.29’s average target is 12.03% above currents $24.36 stock price. NiSource had 10 analyst reports since November 20, 2017 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Monday, May 7. Jefferies maintained it with “Hold” rating and $26.0 target in Wednesday, December 20 report. The rating was maintained by JP Morgan on Tuesday, April 10 with “Neutral”. The stock has “Buy” rating by Citigroup on Monday, November 20. KeyBanc Capital Markets maintained the shares of NI in report on Wednesday, April 18 with “Overweight” rating. The firm has “Neutral” rating by JP Morgan given on Thursday, January 25. Goldman Sachs upgraded the shares of NI in report on Wednesday, January 10 to “Buy” rating. On Tuesday, March 27 the stock rating was downgraded by Citigroup to “Neutral”. The stock has “Buy” rating by Bank of America on Friday, March 23. Goldman Sachs upgraded the shares of NI in report on Monday, May 7 to “Buy” rating.

The stock decreased 0.16% or $0.04 during the last trading session, reaching $24.36. About 3.05M shares traded. NiSource Inc. (NYSE:NI) has declined 0.08% since May 17, 2017 and is downtrending. It has underperformed by 11.63% the S&P500.

Analysts await NiSource Inc. (NYSE:NI) to report earnings on August, 1. They expect $0.11 EPS, up 10.00 % or $0.01 from last year’s $0.1 per share. NI’s profit will be $37.15M for 55.36 P/E if the $0.11 EPS becomes a reality. After $0.77 actual EPS reported by NiSource Inc. for the previous quarter, Wall Street now forecasts -85.71 % negative EPS growth.

NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility firm in the United States. The company has market cap of $8.23 billion. The firm operates through two divisions, Gas Distribution Operations and Electric Operations. It has a 62.46 P/E ratio. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and provides wholesale and transmission transaction services.

More recent NiSource Inc. (NYSE:NI) news were published by: Benzinga.com which released: “Utility NiSource Added To Goldman Sachs’ America’s Conviction Buy List: ‘One Of Our Top Ideas'” on May 07, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018 was also an interesting one.

NiSource Inc. (NYSE:NI) Institutional Positions Chart

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