Nisource Inc 2018 Q2 Institutional Investor Sentiment Better Than Expected

October 11, 2018 - By Adrian Erickson

NiSource Inc. (NYSE:NI) Logo

Sentiment for Nisource Inc (NYSE:NI)

Nisource Inc (NYSE:NI) institutional sentiment increased to 1.24 in Q2 2018. Its up 0.34, from 0.9 in 2018Q1. The ratio increased, as 177 investment professionals opened new or increased equity positions, while 143 sold and decreased their positions in Nisource Inc. The investment professionals in our partner’s database reported: 321.10 million shares, up from 293.09 million shares in 2018Q1. Also, the number of investment professionals holding Nisource Inc in their top 10 equity positions increased from 1 to 2 for an increase of 1. Sold All: 30 Reduced: 113 Increased: 128 New Position: 49.

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 $8.99 billion. The firm operates through two divisions, Gas Distribution Operations and Electric Operations. It has a 32.37 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.

The stock decreased 1.26% or $0.315 during the last trading session, reaching $24.765. About 1.89M shares traded. NiSource Inc. (NYSE:NI) has risen 4.11% since October 11, 2017 and is uptrending. It has underperformed by 11.51% the S&P500.

Analysts await NiSource Inc. (NYSE:NI) to report earnings on November, 7. They expect $0.07 EPS, 0.00 % or $0.00 from last year’s $0.07 per share. NI’s profit will be $25.41 million for 88.45 P/E if the $0.07 EPS becomes a reality. After $0.07 actual EPS reported by NiSource Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Zimmer Partners Lp holds 4.82% of its portfolio in NiSource Inc. for 13.38 million shares. Rbo & Co Llc owns 281,250 shares or 1.86% of their US portfolio. Moreover, Reaves W H & Co Inc has 1.8% invested in the company for 2.02 million shares. The Wisconsin-based Reinhart Partners Inc. has invested 1.57% in the stock. Commonwealth Bank Of Australia, a Australia-based fund reported 4.52 million shares.

Since January 1, 0001, it had 2 buys, and 3 sales for $825,534 activity.

NiSource Inc. (NYSE:NI) Ratings Coverage

Ratings analysis reveals 67% of NiSource’s analysts are positive. Out of 9 Wall Street analysts rating NiSource, 6 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $2600 while the high is $3000. The stock’s average target of $27.57 is 11.33% above today’s ($24.765) share price. NI was included in 12 notes of analysts from April 18, 2018. The stock of NiSource Inc. (NYSE:NI) earned “Buy” rating by J.P. Morgan on Thursday, May 17. The rating was maintained by JP Morgan on Monday, September 17 with “Overweight”. The stock of NiSource Inc. (NYSE:NI) earned “Overweight” rating by KeyBanc Capital Markets on Thursday, July 19. KeyBanc Capital Markets maintained it with “Overweight” rating and $27 target in Friday, October 5 report. The stock has “Buy” rating by Goldman Sachs on Monday, May 7. Bank of America maintained it with “Buy” rating and $28 target in Monday, September 17 report. Guggenheim downgraded NiSource Inc. (NYSE:NI) on Monday, September 10 to “Neutral” rating. The stock of NiSource Inc. (NYSE:NI) has “Overweight” rating given on Thursday, May 17 by JP Morgan. Credit Suisse maintained the stock with “Outperform” rating in Monday, May 7 report. The company was maintained on Wednesday, April 18 by KeyBanc Capital Markets.

Another recent and important NiSource Inc. (NYSE:NI) news was published by Prnewswire.com which published an article titled: “NiSource Schedules Earnings Release and Conference Call for Nov. 1” on October 11, 2018.

NiSource Inc. (NYSE:NI) Institutional Positions Chart

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