Brookstone Capital Management Decreases Stock Position in NiSource Inc. (NYSE:NI)

Brookstone Capital Management trimmed its position in NiSource Inc. (NYSE:NI - Free Report) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,667 shares of the utilities provider's stock after selling 20,534 shares during the period. Brookstone Capital Management owned approximately 0.07% of NiSource worth $11,530,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. QRG Capital Management Inc. increased its holdings in NiSource by 2.1% during the 3rd quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider's stock worth $531,000 after purchasing an additional 309 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in NiSource by 12.0% during the third quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider's stock worth $119,000 after buying an additional 369 shares in the last quarter. Coldstream Capital Management Inc. raised its position in NiSource by 4.1% in the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider's stock valued at $363,000 after buying an additional 414 shares during the last quarter. Empirical Finance LLC lifted its stake in NiSource by 3.2% during the 3rd quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider's stock valued at $483,000 after acquiring an additional 428 shares in the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in NiSource by 1.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,046 shares of the utilities provider's stock worth $937,000 after acquiring an additional 432 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NI. Wells Fargo & Company raised their price objective 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 target price for the company. Barclays upped their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price objective on NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Finally, Mizuho upped their target price on NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $37.50.

NiSource Trading Up 1.1 %

Shares of NYSE:NI traded up $0.41 on Tuesday, hitting $36.75. The company had a trading volume of 2,054,243 shares, compared to its average volume of 3,341,043. The firm's 50-day simple moving average is $36.65 and its two-hundred day simple moving average is $34.03. The firm has a market capitalization of $17.15 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 2.84 and a beta of 0.54. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. 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 announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $986.00 million. During the same quarter in the prior year, the company earned $0.19 EPS. The business's revenue was up 4.8% compared to the same quarter last year. Equities analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

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.