Will Investors Now Buy NiSource (NYSE:NI) Stock Following Today’s, JP Morgan Upgrades?

May 17, 2018 - By Duane Lopez

NiSource Inc. (NYSE:NI) Logo

Investors sentiment increased to 1.46 in 2017 Q4. 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.

Oppenheimer Asset Mgmt has invested 0.04% of its portfolio in NiSource Inc. (NYSE:NI). Sandy Spring Savings Bank, a Maryland-based fund reported 5,079 shares. Sasco Cap Ct owns 36,458 shares for 0.03% of their portfolio. Moreover, Wells Fargo Communications Mn has 0.01% invested in NiSource Inc. (NYSE:NI) for 1.15M shares. Nelson Roberts Inv Ltd Liability Corporation holds 0% of its portfolio in NiSource Inc. (NYSE:NI) for 41 shares. The Pennsylvania-based Commonwealth Of Pennsylvania School Empls Retrmt has invested 0.01% in NiSource Inc. (NYSE:NI). Monetary Mgmt Grp Inc reported 15,950 shares stake. Bessemer Group Inc invested 0.04% in NiSource Inc. (NYSE:NI). State Teachers Retirement System invested in 530,024 shares or 0.03% of the stock. Citadel Advsrs Ltd Liability Company reported 4.86 million shares. Old Mutual Customised Solutions (Proprietary) Limited reported 24,700 shares stake. Amundi Pioneer Asset Mngmt stated it has 0.06% of its portfolio in NiSource Inc. (NYSE:NI). Bartlett And Com Ltd Liability Corporation, Ohio-based fund reported 400 shares. Grp One Trading L P stated it has 26,804 shares. Johnson Gp reported 0% of its portfolio in NiSource Inc. (NYSE:NI).

Since May 7, 2018, it had 1 insider buy, and 1 insider sale for $299,912 activity. $99,300 worth of NiSource Inc. (NYSE:NI) shares were bought by BUTLER ERIC L.

NiSource (NYSE:NI) Stock Upgrade

NiSource (NYSE:NI)‘s stock was increased 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 11.84% above currents $24.4 stock price. NiSource had 10 analyst reports since November 20, 2017 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. The rating was maintained by JP Morgan with “Neutral” on Thursday, January 25. The rating was maintained by Credit Suisse on Monday, May 7 with “Outperform”. The rating was upgraded by Goldman Sachs to “Buy” on Monday, May 7. The stock of NiSource Inc. (NYSE:NI) earned “Buy” rating by Citigroup on Monday, November 20. The firm has “Overweight” rating given on Wednesday, April 18 by KeyBanc Capital Markets. The stock of NiSource Inc. (NYSE:NI) earned “Neutral” rating by JP Morgan on Tuesday, April 10. As per Friday, March 23, the company rating was upgraded by Bank of America. Goldman Sachs upgraded NiSource Inc. (NYSE:NI) rating on Wednesday, January 10. Goldman Sachs has “Buy” rating and $29.0 target. The stock has “Hold” rating by Jefferies on Wednesday, December 20.

It closed at $24.4 lastly. It is down 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 $37.15M for 55.45 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 $8.24 billion. The firm operates through two divisions, Gas Distribution Operations and Electric Operations. It has a 62.56 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 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: “Utility NiSource Added To Goldman Sachs’ America’s Conviction Buy List: ‘One Of Our Top Ideas'” with publication date: May 07, 2018 was also an interesting one.

NiSource Inc. (NYSE:NI) Institutional Positions Chart

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