GSA Capital Partners LLP lifted its stake in shares of NiSource Inc. (NYSE:NI) by 129.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,440 shares of the utilities provider’s stock after purchasing an additional 27,879 shares during the period. GSA Capital Partners LLP’s holdings in NiSource were worth $1,265,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC acquired a new stake in shares of NiSource during the 3rd quarter worth $113,000. First Quadrant L P CA acquired a new stake in shares of NiSource during the 3rd quarter worth $114,000. Valeo Financial Advisors LLC acquired a new stake in shares of NiSource during the 3rd quarter worth $114,000. Advisory Services Network LLC grew its holdings in shares of NiSource by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in shares of NiSource by 0.4% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock worth $154,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 82.19% of the company’s stock.
Several research firms recently weighed in on NI. Citigroup raised their price objective on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 20th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Friday, September 22nd. Jefferies Group reiterated a “hold” rating and issued a $26.00 target price on shares of NiSource in a research report on Wednesday, December 20th. KeyCorp reiterated a “buy” rating and issued a $29.50 target price on shares of NiSource in a research report on Friday, October 20th. Finally, Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. NiSource currently has an average rating of “Buy” and an average price target of $27.41.
Shares of NiSource Inc. (NYSE:NI) traded down $0.06 during mid-day trading on Friday, reaching $24.07. The company’s stock had a trading volume of 2,661,400 shares, compared to its average volume of 3,040,000. The company has a market capitalization of $8,110.00, a P/E ratio of 29.00, a P/E/G ratio of 3.18 and a beta of 0.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. NiSource Inc. has a 1-year low of $21.65 and a 1-year high of $27.76.
NiSource (NYSE:NI) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same period in the previous year, the company posted $0.06 earnings per share. research analysts predict that NiSource Inc. will post 1.2 EPS 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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