Walleye Capital LLC Has $630,000 Position in NiSource Inc. (NYSE:NI)

Walleye Capital LLC lifted its holdings in NiSource Inc. (NYSE:NI - Free Report) by 1,412.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,193 shares of the utilities provider's stock after purchasing an additional 16,990 shares during the quarter. Walleye Capital LLC's holdings in NiSource were worth $630,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MCF Advisors LLC bought a new position in NiSource in the second quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in shares of NiSource in the second quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in shares of NiSource in the third quarter valued at $33,000. Family Firm Inc. acquired a new position in NiSource during the second quarter worth $43,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in NiSource during the second quarter worth $47,000. Institutional investors and hedge funds own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NI shares. Bank of America began 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. Wells Fargo & Company boosted their price target on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Mizuho raised their price objective on NiSource from $38.00 to $40.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Barclays boosted their target price on NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised their price target on NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

NiSource Stock Performance

NYSE NI traded down $0.22 on Friday, reaching $37.06. The stock had a trading volume of 3,823,549 shares, compared to its average volume of 3,660,533. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $38.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market cap of $17.30 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. The firm has a fifty day moving average of $35.75 and a two-hundred day moving average of $32.53.

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

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.