NiSource (NI) is Upgraded by Jefferies to Hold

NiSource (NI) was Upgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Underperform ” on the company shares. Jefferies advised their investors in a research report released on Oct 13, 2016.

Many Wall Street Analysts have commented on NiSource. NiSource was Downgraded by Credit Suisse to ” Underperform” on Aug 19, 2016. NiSource was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016.

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 closed down -0.53 points or -2.31% at $22.38 with 19,24,380 shares getting traded on Tuesday. Post opening the session at $22.81, the shares hit an intraday low of $22.37 and an intraday high of $22.83 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Investors should note that on Aug 9, 2016, NiSource announced a cash dividend of $0.1650. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Nov 18, 2016.

In a different news, on Sep 1, 2016, Teresa M Smith (VP, Human Resources) sold 1,200 shares at $23.75 per share price. According to the SEC, on Mar 8, 2016, Carl W Levander (EVP & Chief Regulatory Officer) sold 6,000 shares at $22.39 per share price. On Mar 3, 2016, Robert Dale Campbell (EVP, Corporate Affairs & HR) sold 30,000 shares at $21.55 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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