Fmr LLC Has $394.89 Million Holdings in NiSource Inc. (NYSE:NI)

FMR LLC grew its stake in NiSource Inc. (NYSE:NI - Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,396,489 shares of the utilities provider's stock after acquiring an additional 99,882 shares during the period. FMR LLC owned 2.44% of NiSource worth $394,888,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. California State Teachers Retirement System lifted its holdings in NiSource by 3.5% during the 1st quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock worth $16,551,000 after buying an additional 20,060 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of NiSource by 5.4% during 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 period. Comerica Bank boosted its holdings 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. Cetera Investment Advisers increased its position in NiSource by 424.4% in the first quarter. Cetera Investment Advisers now owns 68,726 shares of the utilities provider's stock worth $1,901,000 after purchasing an additional 55,620 shares during the period. Finally, Cetera Advisors LLC lifted its position in NiSource by 57.2% during the 1st quarter. Cetera Advisors LLC now owns 11,882 shares of the utilities provider's stock valued at $329,000 after purchasing an additional 4,324 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NI has been the subject of several analyst reports. Jefferies Financial Group began coverage on shares of NiSource in a research report on Monday, October 28th. They set a "buy" rating and a $39.00 price target for the company. Evercore ISI lifted their target price on shares of NiSource from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. BMO Capital Markets upped their target price on shares of NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Bank of America assumed coverage on NiSource in a research report on Thursday, September 12th. They issued a "buy" rating and a $37.00 price target on the stock. Finally, Wells Fargo & Company increased their target price on NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

NiSource Trading Down 0.4 %

NYSE:NI traded down $0.16 on Friday, reaching $38.09. The company's stock had a trading volume of 2,276,811 shares, compared to its average volume of 4,027,122. The firm has a market cap of $17.78 billion, a PE ratio of 23.08, a PEG ratio of 3.18 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. The business's 50-day moving average price is $35.45 and its two-hundred day moving average price is $32.23. 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, topping analysts' consensus estimates of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $986.00 million. During the same period in the prior year, the business earned $0.19 EPS. NiSource's revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

About NiSource

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.