Wellington Management Group LLP Lowers Stock Holdings in NiSource Inc. (NYSE:NI)

Wellington Management Group LLP cut its holdings in NiSource Inc. (NYSE:NI - Free Report) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,044,780 shares of the utilities provider's stock after selling 613,080 shares during the period. Wellington Management Group LLP owned about 1.29% of NiSource worth $209,452,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in NiSource by 53.3% during the third quarter. Bank of Montreal Can now owns 5,124,909 shares of the utilities provider's stock valued at $176,194,000 after purchasing an additional 1,782,078 shares during the period. State Street Corp grew its holdings in NiSource by 5.8% during the third quarter. State Street Corp now owns 22,691,174 shares of the utilities provider's stock valued at $786,249,000 after purchasing an additional 1,247,368 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in NiSource during the third quarter valued at $32,162,000. AQR Capital Management LLC grew its holdings in NiSource by 118.4% during the second quarter. AQR Capital Management LLC now owns 1,616,189 shares of the utilities provider's stock valued at $46,449,000 after purchasing an additional 876,033 shares during the period. Finally, TCW Group Inc. grew its holdings in NiSource by 59.4% during the second quarter. TCW Group Inc. now owns 1,391,983 shares of the utilities provider's stock valued at $40,103,000 after purchasing an additional 518,873 shares during the period. 91.64% of the stock is owned by institutional investors.

NiSource Price Performance

Shares of NI stock traded down $0.43 on Monday, reaching $36.63. The company's stock had a trading volume of 5,285,580 shares, compared to its average volume of 4,029,156. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. NiSource Inc. has a 12-month low of $24.80 and a 12-month high of $38.56. The company has a market capitalization of $17.10 billion, a P/E ratio of 22.46, a PEG ratio of 3.08 and a beta of 0.53. The stock's 50 day simple moving average is $35.75 and its 200-day simple moving average is $32.56.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $986.00 million. During the same quarter last year, the business posted $0.19 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on NI shares. JPMorgan Chase & Co. increased their price objective on NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. BMO Capital Markets increased their target price on NiSource from $34.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th. Jefferies Financial Group assumed coverage on NiSource in a research report on Monday, October 28th. They set a "buy" rating and a $39.00 target price on the stock. Barclays increased their target price on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Monday, October 21st. Finally, Mizuho increased their target price on NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, NiSource currently has a consensus 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.