NiSource Inc. (NYSE:NI) Shares Bought by Citigroup Inc.

Citigroup Inc. increased its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 17.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 421,036 shares of the utilities provider's stock after buying an additional 63,563 shares during the quarter. Citigroup Inc. owned about 0.09% of NiSource worth $14,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NI. California State Teachers Retirement System grew its stake in shares of NiSource by 3.5% in the first quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock valued at $16,551,000 after buying an additional 20,060 shares in the last quarter. ING Groep NV acquired a new stake in NiSource during the 3rd quarter valued at approximately $748,000. Bayesian Capital Management LP acquired a new stake in NiSource during the 1st quarter valued at approximately $487,000. Comerica Bank grew its stake in NiSource by 57.6% during the 1st quarter. Comerica Bank now owns 115,176 shares of the utilities provider's stock valued at $3,186,000 after purchasing an additional 42,104 shares in the last quarter. Finally, TD Asset Management Inc grew its stake in NiSource by 8.4% during the 2nd quarter. TD Asset Management Inc now owns 1,865,926 shares of the utilities provider's stock valued at $53,757,000 after purchasing an additional 144,197 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 23rd. Evercore ISI raised their price objective on NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Wells Fargo & Company raised their price objective on NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. BMO Capital Markets raised their price objective on NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, September 12th. Finally, Bank of America initiated coverage on NiSource in a report on Thursday, September 12th. They issued a "buy" rating and a $37.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.50.

NiSource Stock Performance

Shares of NYSE NI remained flat at $38.25 during trading on Thursday. The stock had a trading volume of 2,431,593 shares, compared to its average volume of 4,034,731. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $38.56. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $17.85 billion, a PE ratio of 23.18, a PEG ratio of 3.16 and a beta of 0.51. The stock has a 50 day simple moving average of $35.28 and a 200 day simple moving average of $32.12.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share 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 the consensus estimate of $986.00 million. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 EPS. On average, research analysts expect that NiSource Inc. will post 1.73 earnings per share for the current 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.