NiSource (NI) Receives Upgrade From JPMorgan. Will Other Analysts Follow Suit?

May 17, 2018 - By Tina Thibodeau

NiSource Inc. (NYSE:NI) Logo

Investors sentiment increased to 1.46 in Q4 2017. Its up 0.11, from 1.35 in 2017Q3. It improved, 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.

Moreover, Nomura Hldg has 0.01% invested in NiSource Inc. (NYSE:NI). First Financial Corporation In stated it has 5,200 shares or 0.09% of all its holdings. Cadence Cap Ltd Liability reported 12,563 shares. Franklin has 2.65M shares for 0.03% of their portfolio. 2,000 were reported by America First Investment Advsrs. Delta Asset Mngmt Ltd Com Tn reported 1,715 shares or 0.01% of all its holdings. Driehaus Cap Limited Co reported 14,400 shares. State Board Of Administration Of Florida Retirement Systems holds 0.03% or 485,783 shares in its portfolio. Macquarie Grp Ltd holds 0% in NiSource Inc. (NYSE:NI) or 99,200 shares. Clinton Group Inc Inc Inc holds 0.2% or 90,471 shares. Comerica Financial Bank reported 141,277 shares or 0.02% of all its holdings. State Of Alaska Department Of Revenue reported 0.05% of its portfolio in NiSource Inc. (NYSE:NI). Meag Munich Ergo Kapitalanlagegesellschaft Mbh has 73,589 shares for 0.07% of their portfolio. City holds 0% or 410 shares. Bbva Compass Bank invested 0.03% of its portfolio in NiSource Inc. (NYSE:NI).

Since May 7, 2018, it had 1 insider purchase, and 1 sale for $299,912 activity. On Monday, May 7 Smith Teresa M sold $399,212 worth of NiSource Inc. (NYSE:NI) or 15,748 shares.

NiSource (NI) Stock Upgrade

In a report shared with investors and clients today, JPMorgan raised shares of NiSource (NI) to a solid “Overweight” rating from their previous “Neutral” rating.

The stock decreased 0.10% or $0.02 during the last trading session, reaching $24.38. About 2.61M shares traded. NiSource Inc. (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 earnings per share, up 10.00 % or $0.01 from last year’s $0.1 per share. NI’s profit will be $37.14M for 55.41 P/E if the $0.11 EPS becomes a reality. After $0.77 actual earnings per share 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 62.5 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: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. Also Benzinga.com published the news titled: “Utility NiSource Added To Goldman Sachs’ America’s Conviction Buy List: ‘One Of Our Top Ideas'” on May 07, 2018. 247Wallst.com‘s news article titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” with publication date: May 17, 2018 was also an interesting one.

NiSource Inc. (NYSE:NI) Institutional Positions Chart

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