NiSource Inc. (NYSE:NI) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its position in NiSource Inc. (NYSE:NI - Free Report) by 271.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 35,551 shares of the utilities provider's stock after purchasing an additional 25,987 shares during the period. Tidal Investments LLC's holdings in NiSource were worth $1,232,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NI. MCF Advisors LLC purchased a new stake in NiSource in the 2nd quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of NiSource in the second quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in shares of NiSource in the third quarter valued at $33,000. Family Firm Inc. acquired a new stake in shares of NiSource during the second quarter valued at $43,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in NiSource during the 2nd quarter worth about $47,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

NI has been the topic of several recent analyst reports. Bank of America assumed coverage on shares of NiSource in a research note on Thursday, September 12th. They set a "buy" rating and a $37.00 price objective on the stock. Barclays increased their price target on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Monday, October 21st. BMO Capital Markets lifted their price objective on 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 increased their target price on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group initiated coverage on NiSource in a research note on Monday, October 28th. They issued a "buy" rating and a $39.00 price target on the stock. 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 company has an average rating of "Moderate Buy" and an average price target of $37.50.

NiSource Trading Up 1.2 %

NI stock traded up $0.44 during trading on Thursday, reaching $35.87. 4,303,377 shares of the stock traded hands, compared to its average volume of 4,026,032. The business's 50 day moving average price is $36.10 and its 200-day moving average price is $33.01. The firm has a market capitalization of $16.74 billion, a PE ratio of 21.74, a P/E/G ratio of 2.84 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. NiSource Inc. has a 52-week low of $24.80 and a 52-week high of $38.56.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results 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 net margin of 14.63% and a return on equity of 8.27%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $986.00 million. During the same quarter in the prior year, the company earned $0.19 EPS. The company's revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current year.

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.