How Good Does Nisource Inc (NYSE:NI) Look Now? J.P. Morgan Has Just Upgraded The Stock

May 18, 2018 - By Kristen Paramore

NiSource Inc. (NYSE:NI) Logo

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

Conning invested 0.01% of its portfolio in NiSource Inc. (NYSE:NI). Moreover, Lord Abbett & Lc has 0.2% invested in NiSource Inc. (NYSE:NI) for 2.67M shares. Ghp Invest Advsr Inc invested in 43,635 shares. First Trust Advsr Limited Partnership holds 0.03% or 508,811 shares. Everence stated it has 13,870 shares. Hermes Invest Mgmt Ltd holds 58,466 shares or 0.02% of its portfolio. Korea Investment Corporation invested in 0.02% or 180,900 shares. San Francisco Sentry Inv Grp Inc (Ca) holds 0% or 66 shares in its portfolio. Amp Capital Invsts has invested 0.04% in NiSource Inc. (NYSE:NI). Commonwealth Comml Bank Of invested 0.87% of its portfolio in NiSource Inc. (NYSE:NI). Park Natl Corporation Oh invested in 0.12% or 84,272 shares. Mitsubishi Ufj Trust And Bk Corporation has 0.04% invested in NiSource Inc. (NYSE:NI) for 806,958 shares. Deutsche Bancorp Ag accumulated 7.46M shares. Horizon Investment Svcs holds 0.34% of its portfolio in NiSource Inc. (NYSE:NI) for 32,399 shares. First Republic Investment Incorporated reported 16,544 shares.

Since May 7, 2018, it had 1 buy, and 1 sale for $299,912 activity. BUTLER ERIC L also bought $99,300 worth of NiSource Inc. (NYSE:NI) on Wednesday, May 9.

Nisource Inc (NYSE:NI) Stock Upgrade

In a note issued to clients earlier today, J.P. Morgan increased shares of Nisource Inc (NYSE:NI) to a Buy. Analysts currently have a $26.0000 PT on the shares. J.P. Morgan’s PT indicates a ppossible upside of 6.73 % from the last stock close of the stock.

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. JP Morgan maintained the stock with “Neutral” rating in Thursday, January 25 report. The rating was maintained by Citigroup on Monday, November 20 with “Buy”. JP Morgan maintained NiSource Inc. (NYSE:NI) on Tuesday, April 10 with “Neutral” rating. On Wednesday, December 20 the stock rating was maintained by Jefferies with “Hold”. The rating was upgraded by Bank of America on Friday, March 23 to “Buy”. The stock has “Neutral” rating by Citigroup on Tuesday, March 27. The firm has “Overweight” rating given on Wednesday, April 18 by KeyBanc Capital Markets. Goldman Sachs upgraded the shares of NI in report on Monday, May 7 to “Buy” rating. The stock has “Outperform” rating by Credit Suisse on Monday, May 7. On Wednesday, January 10 the stock rating was upgraded by Goldman Sachs to “Buy”.

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 18, 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 $37.15 million for 55.36 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 62.46 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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