Equities analysts forecast that NiSource Inc. (NYSE:NI) will post earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NiSource’s earnings. The highest EPS estimate is $0.42 and the lowest is $0.38. NiSource reported earnings of $0.38 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is expected to issue its next earnings report on Wednesday, February 19th.

On average, analysts expect that NiSource will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.29 to $1.31. For the next fiscal year, analysts forecast that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.36 to $1.39. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for NiSource.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.00 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.04). The company had revenue of $931.50 million for the quarter, compared to analyst estimates of $939.83 million. NiSource had a net margin of 9.70% and a return on equity of 9.70%. During the same period in the prior year, the company earned $0.10 EPS.

Several brokerages recently commented on NI. Wolfe Research lowered shares of NiSource from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 5th. Credit Suisse Group set a $29.00 price target on shares of NiSource and gave the company a “hold” rating in a report on Friday, November 1st. ValuEngine raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, Barclays upgraded NiSource from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $32.00 to $31.00 in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $29.55.

NI opened at $26.18 on Friday. NiSource has a 1 year low of $24.36 and a 1 year high of $30.67. The company’s 50 day simple moving average is $27.13 and its 200 day simple moving average is $28.60. The stock has a market capitalization of $9.88 billion, a PE ratio of 20.14, a P/E/G ratio of 3.87 and a beta of 0.20. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.28 and a current ratio of 0.41.

Large investors have recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new stake in NiSource during the 2nd quarter worth approximately $77,273,000. Millennium Management LLC increased its position in shares of NiSource by 1,533.0% in the third quarter. Millennium Management LLC now owns 1,873,550 shares of the utilities provider’s stock worth $56,056,000 after acquiring an additional 1,758,821 shares in the last quarter. Zimmer Partners LP raised its stake in shares of NiSource by 12.1% in the 3rd quarter. Zimmer Partners LP now owns 14,725,914 shares of the utilities provider’s stock valued at $440,599,000 after acquiring an additional 1,584,709 shares during the period. Luminus Management LLC raised its stake in shares of NiSource by 117.6% in the 2nd quarter. Luminus Management LLC now owns 2,666,933 shares of the utilities provider’s stock valued at $76,808,000 after acquiring an additional 1,441,055 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of NiSource by 500.8% in the 3rd quarter. Retirement Systems of Alabama now owns 1,045,295 shares of the utilities provider’s stock valued at $31,275,000 after acquiring an additional 871,298 shares during the period. Institutional investors and hedge funds own 91.18% of the company’s stock.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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