Rhumbline Advisers increased its holdings in NiSource, Inc (NYSE:NI) by 2.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 619,196 shares of the utilities provider’s stock after purchasing an additional 16,992 shares during the quarter. Rhumbline Advisers owned 0.18% of NiSource worth $15,845,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Quadrant L P CA bought a new stake in shares of NiSource in the 3rd quarter worth approximately $114,000. Advisory Services Network LLC raised its holdings in shares of NiSource by 4.4% during the second quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock valued at $120,000 after acquiring an additional 200 shares during the period. TCI Wealth Advisors Inc. raised its holdings in shares of NiSource by 0.4% during the second quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 24 shares during the period. Peapack Gladstone Financial Corp acquired a new stake in shares of NiSource during the second quarter valued at approximately $202,000. Finally, Conning Inc. acquired a new stake in shares of NiSource during the second quarter valued at approximately $206,000. Institutional investors and hedge funds own 82.24% of the company’s stock.
NiSource, Inc (NYSE NI) traded up $0.03 during mid-day trading on Thursday, reaching $27.03. 2,488,136 shares of the company’s stock traded hands, compared to its average volume of 2,527,877. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32. The company has a market capitalization of $9,026.07, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 3.96 and a beta of 0.36. NiSource, Inc has a 12 month low of $21.31 and a 12 month high of $27.76.
NiSource (NYSE:NI) last posted its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $901.00 million. NiSource had a net margin of 5.61% and a return on equity of 8.97%. During the same period in the previous year, the firm posted $0.06 earnings per share. sell-side analysts expect that NiSource, Inc will post 1.19 earnings per share for the current fiscal year.
A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 20th. Credit Suisse Group boosted their price target on shares of NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. KeyCorp restated a “buy” rating and set a $29.50 price target on shares of NiSource in a report on Friday, October 20th. J P Morgan Chase & Co boosted their price target on shares of NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, October 2nd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $27.23.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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