Krilogy Financial LLC grew its stake in shares of NiSource Inc. (NYSE:NI) by 1,032.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,872 shares of the utilities provider’s stock after buying an additional 9,000 shares during the period. Krilogy Financial LLC’s holdings in NiSource were worth $253,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in NI. NGAM Advisors L.P. increased its position in NiSource by 6.9% during the second quarter. NGAM Advisors L.P. now owns 53,291 shares of the utilities provider’s stock worth $1,351,000 after buying an additional 3,438 shares in the last quarter. Janney Montgomery Scott LLC increased its position in NiSource by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 42,043 shares of the utilities provider’s stock worth $1,066,000 after buying an additional 599 shares in the last quarter. CIBC Asset Management Inc increased its position in NiSource by 0.4% during the second quarter. CIBC Asset Management Inc now owns 30,131 shares of the utilities provider’s stock worth $764,000 after buying an additional 124 shares in the last quarter. Korea Investment CORP purchased a new position in NiSource during the second quarter worth $1,877,000. Finally, Retirement Systems of Alabama increased its position in NiSource by 0.3% during the second quarter. Retirement Systems of Alabama now owns 156,824 shares of the utilities provider’s stock worth $3,977,000 after buying an additional 477 shares in the last quarter. 82.24% of the stock is owned by institutional investors.
Shares of NiSource Inc. (NI) traded up $0.11 during trading hours on Monday, hitting $27.14. The stock had a trading volume of 3,964,500 shares, compared to its average volume of 2,533,939. NiSource Inc. has a twelve month low of $21.60 and a twelve month high of $27.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. The stock has a market capitalization of $9,140.58, a P/E ratio of 23.60, a P/E/G ratio of 4.01 and a beta of 0.36.
A number of equities research analysts have recently commented on NI shares. Credit Suisse Group raised NiSource from an “underperform” rating to an “outperform” rating and lifted their price objective for the company from $25.00 to $29.00 in a research report on Monday, August 14th. KeyCorp reaffirmed 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 downgraded NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. J P Morgan Chase & Co lifted their price objective on NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Finally, Citigroup lifted their price objective on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.23.
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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