Rockefeller Capital Management L.P. Increases Holdings in NiSource Inc. (NYSE:NI)

Rockefeller Capital Management L.P. increased its stake in shares of NiSource Inc. (NYSE:NI - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 487,618 shares of the utilities provider's stock after purchasing an additional 35,618 shares during the quarter. Rockefeller Capital Management L.P. owned 0.10% of NiSource worth $16,894,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NI. FMR LLC increased its stake in NiSource by 0.9% in the 3rd quarter. FMR LLC now owns 11,396,489 shares of the utilities provider's stock worth $394,888,000 after buying an additional 99,882 shares during the period. Jennison Associates LLC grew its stake in NiSource by 3.0% in the 3rd quarter. Jennison Associates LLC now owns 10,823,095 shares of the utilities provider's stock worth $375,020,000 after acquiring an additional 316,225 shares in the last quarter. 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 acquiring an additional 44,598 shares during the period. Bank of Montreal Can raised its stake in shares of 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 acquiring an additional 1,782,078 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of NiSource by 1.4% in the second quarter. Thrivent Financial for Lutherans now owns 4,908,547 shares of the utilities provider's stock valued at $141,415,000 after purchasing an additional 67,697 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

NiSource Stock Down 1.9 %

NYSE:NI traded down $0.74 during midday trading on Monday, reaching $37.35. 3,354,658 shares of the stock traded hands, compared to its average volume of 4,024,251. The stock has a market capitalization of $17.43 billion, a PE ratio of 23.08, a price-to-earnings-growth ratio of 3.17 and a beta of 0.51. NiSource Inc. has a 12-month low of $24.80 and a 12-month high of $38.56. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. The business has a 50-day moving average of $35.45 and a two-hundred day moving average of $32.27.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share 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 firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $986.00 million. During the same quarter last year, the firm earned $0.19 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on NI shares. Jefferies Financial Group began coverage on NiSource in a report on Monday, October 28th. They issued a "buy" rating and a $39.00 target price for the company. JPMorgan Chase & Co. upped their price objective on shares of NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 23rd. BMO Capital Markets raised their target price on shares of NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Wells Fargo & Company upped their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $37.50.

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.