New York State Common Retirement Fund raised its position in NiSource Inc. (NYSE:NI) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 688,000 shares of the utilities provider’s stock after purchasing an additional 17,500 shares during the quarter. New York State Common Retirement Fund owned 0.20% of NiSource worth $17,606,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of NiSource by 31.3% in the second quarter. FMR LLC now owns 855,250 shares of the utilities provider’s stock valued at $21,689,000 after acquiring an additional 203,941 shares during the last quarter. Marshall Wace North America L.P. increased its position in shares of NiSource by 304.9% in the second quarter. Marshall Wace North America L.P. now owns 142,287 shares of the utilities provider’s stock valued at $3,557,000 after acquiring an additional 107,142 shares during the last quarter. State of Wisconsin Investment Board increased its position in shares of NiSource by 48.8% in the second quarter. State of Wisconsin Investment Board now owns 205,446 shares of the utilities provider’s stock valued at $5,210,000 after acquiring an additional 67,360 shares during the last quarter. Calamos Advisors LLC acquired a new stake in shares of NiSource in the second quarter valued at about $4,326,000. Finally, Schroder Investment Management Group acquired a new stake in shares of NiSource in the second quarter valued at about $35,129,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. KeyCorp reiterated a “buy” rating and set a $29.50 price target on shares of NiSource in a report on Friday, September 1st. Zacks Investment Research cut NiSource from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. J P Morgan Chase & Co lifted their price target on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Credit Suisse Group lifted their price target on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Finally, Citigroup lifted their price target on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.23.
Shares of NiSource Inc. (NYSE:NI) traded up $0.05 during trading hours on Friday, hitting $26.48. The stock had a trading volume of 3,304,100 shares, compared to its average volume of 2,561,136. NiSource Inc. has a 12 month low of $21.60 and a 12 month high of $27.76. The company has a market capitalization of $8,901.46, a PE ratio of 22.98, a PEG ratio of 3.75 and a beta of 0.36. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72.
NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The company 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 earnings per share. analysts forecast that NiSource Inc. will post 1.2 earnings per share for the current year.
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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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