Oak Thistle LLC reduced its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,986 shares of the utilities provider's stock after selling 14,300 shares during the quarter. Oak Thistle LLC's holdings in NiSource were worth $294,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. boosted its stake in NiSource by 2.1% during the 3rd quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider's stock valued at $531,000 after acquiring an additional 309 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in NiSource by 12.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider's stock valued at $119,000 after acquiring an additional 369 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in NiSource by 4.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider's stock valued at $363,000 after acquiring an additional 414 shares during the last quarter. Empirical Finance LLC boosted its stake in NiSource by 3.2% during the 3rd quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider's stock valued at $483,000 after acquiring an additional 428 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its stake in NiSource by 1.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,046 shares of the utilities provider's stock valued at $937,000 after acquiring an additional 432 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Barclays increased their target price 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 increased their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group initiated coverage on shares of NiSource in a research note on Monday, October 28th. They set a "buy" rating and a $39.00 target price on the stock. Finally, Mizuho raised 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. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.50.
Get Our Latest Research Report on NI
NiSource Trading Up 0.3 %
Shares of NI traded up $0.10 during midday trading on Friday, hitting $38.13. The stock had a trading volume of 3,496,866 shares, compared to its average volume of 2,740,236. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.56. The business has a 50-day simple moving average of $36.82 and a two-hundred day simple moving average of $34.20. The firm has a market cap of $17.80 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. 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 earnings results 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 analysts' expectations of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. As a group, equities analysts forecast that NiSource Inc. will post 1.73 EPS for the current year.
About NiSource
(
Free Report)
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.
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