Artemis Investment Management LLP Purchases New Holdings in NiSource Inc. (NYSE:NI)

Artemis Investment Management LLP acquired a new stake in shares of NiSource Inc. (NYSE:NI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 593,875 shares of the utilities provider's stock, valued at approximately $21,831,000. Artemis Investment Management LLP owned about 0.13% of NiSource as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NI. Clarius Group LLC bought a new position in NiSource in the 4th quarter worth $216,000. HB Wealth Management LLC increased its position in NiSource by 26.7% in the fourth quarter. HB Wealth Management LLC now owns 8,957 shares of the utilities provider's stock worth $329,000 after buying an additional 1,885 shares in the last quarter. Brooklyn Investment Group raised its stake in shares of NiSource by 153.2% in the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock worth $32,000 after buying an additional 527 shares during the period. Merit Financial Group LLC purchased a new position in shares of NiSource during the 4th quarter valued at about $230,000. Finally, Wedge Capital Management L L P NC grew its stake in shares of NiSource by 1.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 208,877 shares of the utilities provider's stock valued at $7,678,000 after acquiring an additional 3,306 shares during the period. Institutional investors own 91.64% of the company's stock.

NiSource Stock Performance

NYSE:NI traded up $0.10 during mid-day trading on Monday, hitting $38.13. The company's stock had a trading volume of 3,496,866 shares, compared to its average volume of 2,740,236. The business's fifty day moving average is $36.82 and its two-hundred day moving average is $34.27. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 2.60 and a beta of 0.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. NiSource Inc. has a 1 year low of $24.80 and a 1 year high of $38.56.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business's revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. Analysts anticipate that NiSource Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on NI. Mizuho lifted their price target on shares of NiSource from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Barclays lifted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. Wells Fargo & Company upped their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on NiSource in a report on Monday, October 28th. They set a "buy" rating and a $39.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.