JP Morgan Gives NiSource (NI) Higher Rating; Tpg Group Holdings Sbs Advisors Boosted Servicenow (NOW) Holding

May 17, 2018 - By Adrian Erickson

NiSource Inc. (NYSE:NI) Logo

In a a report revealed to clients on Thursday, 17 May, stock research analysts at JP Morgan’s equities division upgraded NiSource (NYSE:NI)‘s stock from a “Neutral” to “Overweight”.

Tpg Group Holdings Sbs Advisors Inc increased Servicenow Inc. (NOW) stake by 19.77% reported in 2017Q4 SEC filing. Tpg Group Holdings Sbs Advisors Inc acquired 2,708 shares as Servicenow Inc. (NOW)’s stock rose 26.03%. The Tpg Group Holdings Sbs Advisors Inc holds 16,403 shares with $2.14M value, up from 13,695 last quarter. Servicenow Inc. now has $30.24B valuation. The stock decreased 1.31% or $2.27 during the last trading session, reaching $171.15. About 1.61M shares traded. ServiceNow, Inc. (NYSE:NOW) has risen 91.85% since May 17, 2017 and is uptrending. It has outperformed by 80.30% 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 $37.15M for 55.45 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.

Since May 7, 2018, it had 1 buying transaction, and 1 insider sale for $299,912 activity. Another trade for 4,000 shares valued at $99,300 was bought by BUTLER ERIC L. On Monday, May 7 Smith Teresa M sold $399,212 worth of NiSource Inc. (NYSE:NI) or 15,748 shares.

More news for NiSource Inc. (NYSE:NI) were recently published by: Streetinsider.com, which released: “JPMorgan Upgrades NiSource (NI) to Overweight” on May 17, 2018. Benzinga.com‘s article titled: “Utility NiSource Added To Goldman Sachs’ America’s Conviction Buy List: ‘One Of Our Top Ideas'” and published on May 07, 2018 is yet another important article.

The stock decreased 1.17% or $0.29 during the last trading session, reaching $24.4. About 3.74 million shares traded. NiSource Inc. (NYSE:NI) has declined 0.08% since May 17, 2017 and is downtrending. It has underperformed by 11.63% the S&P500.

Among 15 analysts covering Nisource Inc. (NYSE:NI), 7 have Buy rating, 0 Sell and 8 Hold. Therefore 47% are positive. Nisource Inc. has $31 highest and $18 lowest target. $27.36’s average target is 12.13% above currents $24.4 stock price. Nisource Inc. had 37 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of NiSource Inc. (NYSE:NI) earned “Hold” rating by Argus Research on Tuesday, September 15. As per Monday, May 7, the company rating was maintained by Credit Suisse. The rating was maintained by Jefferies with “Hold” on Monday, April 3. The firm earned “Hold” rating on Thursday, September 7 by Jefferies. The company was upgraded on Wednesday, January 10 by Goldman Sachs. The stock of NiSource Inc. (NYSE:NI) earned “Buy” rating by Goldman Sachs on Monday, May 7. Goldman Sachs initiated the shares of NI in report on Thursday, December 15 with “Neutral” rating. JP Morgan downgraded it to “Neutral” rating and $24 target in Tuesday, March 29 report. The firm earned “Buy” rating on Wednesday, December 14 by Citigroup. The company was maintained on Thursday, October 12 by JP Morgan.

Investors sentiment increased to 1.46 in 2017 Q4. Its up 0.11, from 1.35 in 2017Q3. It is positive, 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. Eqis Mgmt Inc invested 0.04% of its portfolio in NiSource Inc. (NYSE:NI). Thrivent For Lutherans stated it has 0% of its portfolio in NiSource Inc. (NYSE:NI). Pacad Investment Limited has 33,700 shares. Principal Fincl Grp Inc Inc invested 0.01% of its portfolio in NiSource Inc. (NYSE:NI). Mutual Of America Mngmt Ltd Liability stated it has 0.03% in NiSource Inc. (NYSE:NI). Nelson Roberts Investment Advsr Limited Liability Co has invested 0% in NiSource Inc. (NYSE:NI). Int Inc, a New York-based fund reported 163,200 shares. Natixis reported 551,758 shares stake. Bnp Paribas Arbitrage Sa, a New York-based fund reported 415,890 shares. Moreover, Bessemer Gru Inc has 0.04% invested in NiSource Inc. (NYSE:NI) for 371,745 shares. Bbva Compass Bankshares accumulated 0.03% or 20,566 shares. 4,763 are held by Advisory Lc. Bnp Paribas Asset Mngmt Holdg Sa owns 51,719 shares or 0.01% of their US portfolio. 2.45 million were accumulated by Massachusetts Financial Svcs Company Ma. Wellington Mngmt Gru Llp has invested 0.01% in NiSource Inc. (NYSE:NI).

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 $8.24 billion. The firm operates through two divisions, Gas Distribution Operations and Electric Operations. It has a 62.56 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.

Investors sentiment decreased to 1.05 in Q4 2017. Its down 0.33, from 1.38 in 2017Q3. It dived, as 42 investors sold NOW shares while 132 reduced holdings. 67 funds opened positions while 116 raised stakes. 167.59 million shares or 1.79% less from 170.65 million shares in 2017Q3 were reported. Millennium Mgmt Limited Com reported 152,743 shares. Metropolitan Life Insurance Ny has invested 0.02% in ServiceNow, Inc. (NYSE:NOW). Architects Incorporated has invested 0% in ServiceNow, Inc. (NYSE:NOW). 68,000 are owned by Bridgeway Capital Inc. Ardsley Advisory Partners, a Connecticut-based fund reported 10,000 shares. Strs Ohio has invested 0.39% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Legal General Grp Pcl has invested 0.07% of its portfolio in ServiceNow, Inc. (NYSE:NOW). 30 are held by Tortoise Inv Management Limited Liability Corp. Putnam Investments Limited Liability Corp, Massachusetts-based fund reported 719,489 shares. British Columbia Investment Management invested in 0.07% or 71,221 shares. Moreover, Robeco Institutional Asset Mngmt Bv has 0.01% invested in ServiceNow, Inc. (NYSE:NOW). Winfield Inc stated it has 0.02% of its portfolio in ServiceNow, Inc. (NYSE:NOW). Prudential Inc holds 11,870 shares or 0% of its portfolio. Atlantic Trust Gp Ltd Liability Co holds 0% or 1,228 shares in its portfolio. Cibc Markets holds 0% of its portfolio in ServiceNow, Inc. (NYSE:NOW) for 1,660 shares.

Among 41 analysts covering ServiceNow Inc (NYSE:NOW), 33 have Buy rating, 0 Sell and 8 Hold. Therefore 80% are positive. ServiceNow Inc had 132 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained ServiceNow, Inc. (NYSE:NOW) on Monday, October 16 with “Hold” rating. The firm earned “Buy” rating on Wednesday, September 6 by Moffett Nathanson. The stock has “Buy” rating by Canaccord Genuity on Wednesday, January 31. The firm has “Buy” rating given on Monday, July 24 by Northland Capital. As per Friday, June 23, the company rating was initiated by JP Morgan. J.P. Morgan downgraded ServiceNow, Inc. (NYSE:NOW) rating on Tuesday, December 12. J.P. Morgan has “Hold” rating and $138.0 target. The firm has “Strong Buy” rating given on Thursday, July 27 by Raymond James. The firm earned “Buy” rating on Wednesday, January 24 by Canaccord Genuity. The stock of ServiceNow, Inc. (NYSE:NOW) earned “Buy” rating by Credit Suisse on Thursday, February 1. The rating was maintained by Credit Suisse on Tuesday, January 16 with “Buy”.

Since January 9, 2018, it had 0 buys, and 19 selling transactions for $109.13 million activity. Schneider David sold $336,300 worth of stock. Slootman Frank also sold $16.45 million worth of ServiceNow, Inc. (NYSE:NOW) on Tuesday, May 1. $13.54M worth of ServiceNow, Inc. (NYSE:NOW) shares were sold by LUDDY FREDERIC B. Desai Chirantan Jitendra had sold 19,742 shares worth $3.09M on Friday, February 16. 37,706 shares valued at $6.72M were sold by Scarpelli Michael on Friday, May 11. BOSTROM SUSAN L also sold $2.80 million worth of ServiceNow, Inc. (NYSE:NOW) on Friday, February 9. On Tuesday, February 27 the insider MILLER JEFFREY A sold $2.08 million.

More notable recent ServiceNow, Inc. (NYSE:NOW) news were published by: Seekingalpha.com which released: “ServiceNow: Precarious Valuation Weighs On Good Results” on April 30, 2018, also Seekingalpha.com with their article: “Corvex adds ServiceNow, exits Comcast in Q1” published on May 15, 2018, Seekingalpha.com published: “Will ServiceNow Make Any Acquisitions In India?” on May 04, 2018. More interesting news about ServiceNow, Inc. (NYSE:NOW) were released by: Seekingalpha.com and their article: “ServiceNow To Acquire VendorHawk For Subscription Management” published on April 26, 2018 as well as Streetinsider.com‘s news article titled: “Lone Pine’s 13F Shows New Stake in Dollar Tree (DLTR), Square (SQ), T-Mobile (TMUS) (more…)” with publication date: May 15, 2018.

ServiceNow, Inc. (NYSE:NOW) Institutional Positions Chart

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