Thompson Siegel & Walmsley LLC Decreases Holdings in NiSource Inc. (NYSE:NI)

Thompson Siegel & Walmsley LLC lowered its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 17.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,471,366 shares of the utilities provider's stock after selling 743,108 shares during the quarter. NiSource accounts for about 1.8% of Thompson Siegel & Walmsley LLC's portfolio, making the stock its 4th biggest position. Thompson Siegel & Walmsley LLC owned about 0.74% of NiSource worth $120,283,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. O Shaughnessy Asset Management LLC acquired a new stake in shares of NiSource in the 1st quarter valued at about $321,000. UniSuper Management Pty Ltd boosted its position in NiSource by 631.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 38,946 shares of the utilities provider's stock worth $1,077,000 after acquiring an additional 33,620 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of NiSource by 7.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider's stock worth $12,144,000 after acquiring an additional 29,055 shares in the last quarter. Natixis bought a new position in shares of NiSource during the 1st quarter worth approximately $218,000. Finally, Crewe Advisors LLC acquired a new stake in NiSource in the 1st quarter valued at $31,000. Institutional investors own 91.64% of the company's stock.

NiSource Stock Performance

NI stock traded up $0.52 during trading hours on Thursday, hitting $37.82. 1,578,052 shares of the stock were exchanged, compared to its average volume of 4,056,682. NiSource Inc. has a 12 month low of $24.80 and a 12 month high of $37.94. 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 $17.66 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.09 and a beta of 0.51. The company has a 50-day simple moving average of $34.89 and a two-hundred day simple moving average of $31.80.

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 for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $986.00 million. During the same quarter in the previous year, the company earned $0.19 EPS. The business's revenue was up 4.8% on a year-over-year basis. On average, 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 recently commented on the company. 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. 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 for the company. Wells Fargo & Company boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Mizuho raised their target price 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. Finally, Bank of America began coverage on NiSource in a research report on Thursday, September 12th. They set a "buy" rating and a $37.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price 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.