Barclays PLC Increases Stock Position in NiSource Inc. (NYSE:NI)

Barclays PLC raised its holdings in NiSource Inc. (NYSE:NI - Free Report) by 25.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,352,182 shares of the utilities provider's stock after acquiring an additional 273,159 shares during the quarter. Barclays PLC owned approximately 0.29% of NiSource worth $46,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ING Groep NV acquired a new position in shares of NiSource in the third quarter worth approximately $748,000. Moran Wealth Management LLC acquired a new position in shares of NiSource in the 3rd quarter worth approximately $3,068,000. TD Asset Management Inc lifted its position in shares of NiSource by 8.4% in the 2nd quarter. TD Asset Management Inc now owns 1,865,926 shares of the utilities provider's stock worth $53,757,000 after purchasing an additional 144,197 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of NiSource in the 3rd quarter valued at $798,000. Finally, Millennium Management LLC increased its position in shares of NiSource by 0.7% during the second quarter. Millennium Management LLC now owns 6,374,053 shares of the utilities provider's stock worth $183,636,000 after buying an additional 44,598 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Up 0.1 %

Shares of NYSE:NI traded up $0.03 during trading on Friday, reaching $36.56. 2,556,937 shares of the stock were exchanged, compared to its average volume of 4,034,476. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $38.56. The stock has a fifty day moving average of $35.90 and a two-hundred day moving average of $32.73. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. NiSource's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Research analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on NI shares. BMO Capital Markets boosted their target price on shares of NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. Bank of America started coverage on NiSource in a research report on Thursday, September 12th. They set a "buy" rating and a $37.00 target price on the stock. Barclays lifted their target price on 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 target on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, Mizuho raised their price objective 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, NiSource has an average rating of "Moderate Buy" and a consensus price target 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.