Cipher Capital LP increased its holdings in NiSource, Inc (NYSE:NI) by 141.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 130,011 shares of the utilities provider’s stock after buying an additional 76,070 shares during the quarter. Cipher Capital LP’s holdings in NiSource were worth $3,327,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. First Quadrant L P CA acquired a new position in NiSource in the 3rd quarter worth approximately $114,000. Advisory Services Network LLC boosted its position in NiSource by 4.4% in 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. TCI Wealth Advisors Inc. boosted its position in NiSource by 0.4% in 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. Peapack Gladstone Financial Corp purchased a new stake in NiSource in the 2nd quarter worth approximately $202,000. Finally, Conning Inc. purchased a new stake in NiSource in the 2nd quarter worth approximately $206,000. Institutional investors own 79.39% of the company’s stock.
Several equities research analysts have commented on NI shares. KeyCorp restated a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research report on Friday, September 1st. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Friday, September 22nd. Wells Fargo & Company started coverage on NiSource in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $30.00 price objective on the stock. Credit Suisse Group upped their price objective on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co upped their price objective on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. NiSource has a consensus rating of “Buy” and an average target price of $26.85.
Shares of NiSource, Inc (NYSE:NI) traded down $0.24 during trading hours on Friday, hitting $27.08. The stock had a trading volume of 6,258,805 shares, compared to its average volume of 2,377,620. NiSource, Inc has a 52-week low of $21.31 and a 52-week high of $27.76. The stock has a market cap of $9,120.38, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 4.00 and a beta of 0.37. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72.
NiSource (NYSE:NI) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The firm had revenue of $917.00 million for the quarter, compared to analyst estimates of $901.00 million. During the same quarter last year, the firm posted $0.06 EPS. analysts forecast that NiSource, Inc will post 1.19 earnings per share for the current year.
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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