ING Groep NV Buys Shares of 21,584 NiSource Inc. (NYSE:NI)

ING Groep NV purchased a new position in NiSource Inc. (NYSE:NI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 21,584 shares of the utilities provider's stock, valued at approximately $748,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its holdings in shares of NiSource by 7.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider's stock valued at $12,144,000 after acquiring an additional 29,055 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of NiSource by 3.5% during the 1st 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. UniSuper Management Pty Ltd boosted its holdings 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 acquiring an additional 33,620 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of NiSource during the 1st quarter valued at about $487,000. Finally, Comerica Bank boosted its holdings in shares of NiSource by 57.6% in the first quarter. Comerica Bank now owns 115,176 shares of the utilities provider's stock worth $3,186,000 after buying an additional 42,104 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NI shares. Barclays 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 Monday, October 21st. Wells Fargo & Company boosted 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 Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. Evercore ISI upped their price objective on shares of NiSource from $32.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, August 8th. Finally, Mizuho boosted their target price on shares of NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, NiSource presently has an average rating of "Moderate Buy" and a consensus price target of $37.50.

NiSource Trading Up 0.7 %

Shares of NI traded up $0.24 during midday trading on Monday, reaching $36.81. The company had a trading volume of 5,786,387 shares, compared to its average volume of 4,060,415. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $36.81. The stock has a market cap of $17.18 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. The firm has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $31.64. 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 (NYSE:NI - Get Free Report) last announced its quarterly earnings data 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 business 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%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. Research analysts forecast that NiSource Inc. will post 1.73 EPS for the current fiscal year.

NiSource 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.