235,714 Shares in NiSource Inc. (NYSE:NI) Acquired by DRW Securities LLC

DRW Securities LLC bought a new stake in NiSource Inc. (NYSE:NI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 235,714 shares of the utilities provider's stock, valued at approximately $8,167,000. DRW Securities LLC owned approximately 0.05% of NiSource as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new position in shares of NiSource during the 1st quarter valued at $321,000. Bayesian Capital Management LP acquired a new stake in NiSource in the first quarter valued at approximately $487,000. California State Teachers Retirement System lifted its stake in NiSource by 3.5% in the first quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock valued at $16,551,000 after acquiring an additional 20,060 shares during the last quarter. Tidal Investments LLC lifted its stake in NiSource by 5.4% in the first quarter. Tidal Investments LLC now owns 9,728 shares of the utilities provider's stock valued at $269,000 after acquiring an additional 499 shares during the last quarter. Finally, Comerica Bank lifted its stake in NiSource by 57.6% in the first quarter. Comerica Bank now owns 115,176 shares of the utilities provider's stock valued at $3,186,000 after acquiring an additional 42,104 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NI shares. Wells Fargo & Company boosted their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Barclays boosted their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. boosted their price target on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Evercore ISI boosted their price target on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, Mizuho boosted 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. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, NiSource currently has an average rating of "Moderate Buy" and an average price target of $37.50.

NiSource Trading Up 0.7 %

NiSource stock traded up $0.25 during trading hours on Monday, reaching $37.96. 1,282,152 shares of the company's stock traded hands, compared to its average volume of 4,038,469. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.22. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 3.14 and a beta of 0.51. The firm's 50 day moving average is $35.04 and its 200-day moving average is $31.95.

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