National Bank of Canada FI Has $19.51 Million Holdings in NiSource Inc. (NYSE:NI)

National Bank of Canada FI raised its holdings in NiSource Inc. (NYSE:NI - Free Report) by 5.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 562,960 shares of the utilities provider's stock after acquiring an additional 26,762 shares during the period. National Bank of Canada FI owned about 0.12% of NiSource worth $19,506,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NI. Ashton Thomas Private Wealth LLC bought a new position in shares of NiSource in the 2nd quarter valued at $25,000. MCF Advisors LLC bought a new position in NiSource in the second quarter valued at about $25,000. Capital Performance Advisors LLP acquired a new stake in shares of NiSource during the third quarter valued at about $33,000. Friedenthal Financial bought a new stake in shares of NiSource during the third quarter worth about $50,000. Finally, Family Firm Inc. acquired a new position in shares of NiSource in the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

NI has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of NiSource from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, September 12th. Jefferies Financial Group assumed coverage on shares of NiSource in a research note on Monday, October 28th. They issued a "buy" rating and a $39.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

NiSource Stock Performance

NYSE NI remained flat at $36.61 during trading hours on Tuesday. The company had a trading volume of 4,923,979 shares, compared to its average volume of 4,034,149. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 3.08 and a beta of 0.53. The firm has a fifty day moving average of $35.79 and a 200-day moving average of $32.62. 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 Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.56.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $1.08 billion during 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, sell-side analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current fiscal 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.