Hennion & Walsh Asset Management Inc. Has $2.62 Million Position in NiSource Inc. (NYSE:NI)

Hennion & Walsh Asset Management Inc. lifted its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,346 shares of the utilities provider's stock after buying an additional 10,095 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in NiSource were worth $2,623,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NI. Capital Performance Advisors LLP acquired a new position in NiSource during the third quarter valued at approximately $33,000. Legacy Investment Solutions LLC acquired a new position in NiSource during the third quarter valued at approximately $47,000. Friedenthal Financial acquired a new position in NiSource during the third quarter valued at approximately $50,000. Strategic Investment Solutions Inc. IL acquired a new position in NiSource during the second quarter valued at approximately $47,000. Finally, JFS Wealth Advisors LLC grew its holdings in NiSource by 423.6% during the third quarter. JFS Wealth Advisors LLC now owns 1,550 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 1,254 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Up 0.3 %

Shares of NI stock traded up $0.10 during trading on Friday, reaching $38.13. The company's stock had a trading volume of 3,496,865 shares, compared to its average volume of 3,273,989. The business has a fifty day moving average price of $36.77 and a 200-day moving average price of $34.13. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. NiSource Inc. has a one year low of $24.80 and a one year 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 analysts' consensus estimates of $0.15 by $0.05. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. During the same quarter in the previous year, the firm posted $0.19 earnings per share. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. Analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NI. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. Wells Fargo & Company lifted their price target 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. Barclays lifted their price target on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Monday, October 21st. 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 target on the stock. Finally, Mizuho lifted their price target 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $37.50.

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.