23,693 Shares in NiSource Inc. (NYSE:NI) Acquired by LMR Partners LLP

LMR Partners LLP purchased a new position in shares of NiSource Inc. (NYSE:NI - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,693 shares of the utilities provider's stock, valued at approximately $821,000.

A number of other institutional investors also recently added to or reduced their stakes in NI. MCF Advisors LLC acquired a new stake in shares of NiSource during the second quarter worth $25,000. Ashton Thomas Private Wealth LLC acquired a new position in NiSource in the second quarter valued at $25,000. Crewe Advisors LLC acquired a new stake in shares of NiSource in the first quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new position in shares of NiSource in the 3rd quarter worth $33,000. Finally, Family Firm Inc. acquired a new stake in shares of NiSource in the second quarter worth $43,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NI shares. JPMorgan Chase & Co. raised their target price on NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Evercore ISI lifted 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. Wells Fargo & Company boosted their price objective on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Mizuho lifted their target price on shares of NiSource from $38.00 to $40.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, BMO Capital Markets upped their price objective on shares of NiSource from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, September 12th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, NiSource presently has an average rating of "Moderate Buy" and an average target price of $37.50.

NiSource Price Performance

NI traded up $0.19 on Wednesday, reaching $37.30. The stock had a trading volume of 2,125,078 shares, compared to its average volume of 4,061,276. The firm has a 50-day moving average of $34.81 and a 200-day moving average of $31.76. The company has a market capitalization of $17.41 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $37.31. 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 posted its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. As a group, sell-side analysts anticipate that NiSource Inc. will post 1.73 EPS for the current 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.