Swiss National Bank increased its position in shares of NiSource, Inc (NYSE:NI) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,191,700 shares of the utilities provider’s stock after acquiring an additional 13,200 shares during the period. Swiss National Bank owned about 353,840.67% of NiSource worth $30,496,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also bought and sold shares of NI. FMR LLC increased its position in NiSource by 11.3% during the first quarter. FMR LLC now owns 651,309 shares of the utilities provider’s stock worth $15,495,000 after buying an additional 66,298 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of NiSource by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,220,504 shares of the utilities provider’s stock valued at $29,034,000 after purchasing an additional 12,599 shares during the last quarter. Xact Kapitalforvaltning AB grew its position in shares of NiSource by 4.1% in the second quarter. Xact Kapitalforvaltning AB now owns 24,971 shares of the utilities provider’s stock valued at $633,000 after purchasing an additional 994 shares during the last quarter. Gateway Investment Advisers LLC grew its position in shares of NiSource by 1.5% in the second quarter. Gateway Investment Advisers LLC now owns 20,560 shares of the utilities provider’s stock valued at $521,000 after purchasing an additional 305 shares during the last quarter. Finally, Creative Planning grew its position in shares of NiSource by 9.6% in the second quarter. Creative Planning now owns 34,029 shares of the utilities provider’s stock valued at $863,000 after purchasing an additional 2,970 shares during the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.
NiSource, Inc (NYSE NI) opened at $27.08 on Friday. NiSource, Inc has a one year low of $21.31 and a one year high of $27.76. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. The stock has a market cap of $9,170.00, a P/E ratio of 23.98, a PEG ratio of 4.07 and a beta of 0.43.
NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The firm had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the previous year, the company posted $0.06 EPS. sell-side analysts forecast that NiSource, Inc will post 1.19 EPS for the current fiscal year.
NI has been the topic of a number of recent research reports. KeyCorp reissued a “buy” rating and set a $29.50 target price on shares of NiSource in a research report on Friday, September 1st. J P Morgan Chase & Co lifted their target price on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Credit Suisse Group lifted their target price on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, Wells Fargo & Company initiated coverage on NiSource in a research report on Wednesday, August 9th. They set an “outperform” rating and a $30.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.85.
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NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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