14,735 Shares in NiSource Inc. (NYSE:NI) Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of NiSource Inc. (NYSE:NI - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 14,735 shares of the utilities provider's stock, valued at approximately $511,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in NiSource by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider's stock worth $12,144,000 after acquiring an additional 29,055 shares during the period. California State Teachers Retirement System boosted its stake in NiSource by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock worth $16,551,000 after purchasing an additional 20,060 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of NiSource by 631.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 38,946 shares of the utilities provider's stock valued at $1,077,000 after buying an additional 33,620 shares during the period. Bayesian Capital Management LP bought a new position in shares of NiSource during the 1st quarter valued at $487,000. Finally, Comerica Bank raised its holdings in NiSource by 57.6% in the 1st quarter. Comerica Bank now owns 115,176 shares of the utilities provider's stock worth $3,186,000 after acquiring an additional 42,104 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Performance

Shares of NYSE:NI traded up $0.19 during midday trading on Wednesday, reaching $37.30. The company had a trading volume of 2,125,078 shares, compared to its average volume of 4,061,276. NiSource Inc. has a 52-week low of $24.80 and a 52-week high of $37.31. The company's 50 day moving average price is $34.89 and its 200 day moving average price is $31.80. The stock has a market cap of $17.41 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.04 and a beta of 0.51. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly 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. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 earnings per share. As a group, sell-side analysts anticipate that NiSource Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NI shares. Mizuho raised their price target on shares of NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of NiSource from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Thursday, September 12th. Jefferies Financial Group initiated coverage on shares of NiSource in a research note on Monday, October 28th. They issued a "buy" rating and a $39.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, NiSource presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.50.

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.