NiSource (NI) is Downgraded by Credit Suisse to Underperform

NiSource (NI) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on NiSource. NiSource was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016. Company shares were Downgraded by UBS on Jul 8, 2016 to ” Neutral”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .

On the company’s financial health, NiSource reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07.Analysts expectations of $ 1044.40.During the same quarter in the previous year, the company posted $0.18 EPS.

NiSource opened for trading at $24.23 and hit $24.75 on the upside on Wednesday, eventually ending the session at $24.72, with a gain of 1.64% or 0.4 points. The heightened volatility saw the trading volume jump to 35,03,522 shares. Company has a market cap of $7,964 M.

In a different news, on Mar 8, 2016, Carl W Levander (EVP & Chief Regulatory Officer) sold 6,000 shares at $22.39 per share price. According to the SEC, on Mar 3, 2016, Robert Dale Campbell (EVP, Corporate Affairs & HR) sold 30,000 shares at $21.55 per share price. On Jun 15, 2015, Deborah S Parker (director) sold 3,429 shares at $46.17 per share price, according to the Form-4 filing with the securities and exchange commission.

NiSource Inc. (NiSource) is an energy holding company. The Company through its subsidiaries provides natural gas electricity and other products and services. It is also engaged in the distribution of natural gas. The Company’s business segments include: Gas Distribution Operations which provides natural gas service and transportation services for residential commercial and industrial customers in Ohio Pennsylvania Virginia Kentucky Maryland Indiana and Massachusetts; Columbia Pipeline Group Operations which provides gas transportation and storage services for local distribution companies (LDCs) marketers and industrial and commercial customers located in 16 northeastern mid-Atlantic Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions and Electric Operations which provides electric services in approximately 20 counties in the northern part of Indiana.


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