Crossmark Global Holdings Inc. acquired a new position in shares of NiSource, Inc (NYSE:NI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 43,900 shares of the utilities provider’s stock, valued at approximately $1,123,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. boosted its stake in NiSource by 193.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 33,124 shares of the utilities provider’s stock worth $848,000 after buying an additional 21,837 shares during the period. Calamos Advisors LLC boosted its stake in NiSource by 3.8% during the third quarter. Calamos Advisors LLC now owns 177,090 shares of the utilities provider’s stock worth $4,532,000 after buying an additional 6,491 shares during the period. First Midwest Bank Trust Division boosted its stake in NiSource by 12.7% during the third quarter. First Midwest Bank Trust Division now owns 29,545 shares of the utilities provider’s stock worth $756,000 after buying an additional 3,324 shares during the period. First Quadrant L P CA purchased a new position in NiSource during the third quarter worth $114,000. Finally, Korea Investment CORP boosted its stake in NiSource by 104.6% during the third quarter. Korea Investment CORP now owns 151,400 shares of the utilities provider’s stock worth $3,874,000 after buying an additional 77,400 shares during the period. 81.99% of the stock is owned by institutional investors.
Several research analysts have commented on NI shares. KeyCorp reaffirmed a “buy” rating and set a $29.50 price objective on shares of NiSource in a research note on Friday, October 20th. Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Friday, September 22nd. J P Morgan Chase & Co boosted their target price on shares of NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Jefferies Group LLC reissued a “hold” rating and set a $23.00 target price on shares of NiSource in a research note on Friday, July 14th. Finally, Credit Suisse Group raised shares of NiSource from an “underperform” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $29.00 in a research note on Monday, August 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $26.85.
Shares of NiSource, Inc (NI) opened at $27.20 on Friday. The stock has a market cap of $9,268.56, a price-to-earnings ratio of 23.93, a PEG ratio of 4.07 and a beta of 0.37. NiSource, Inc has a one year low of $21.17 and a one year high of $27.61. 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 (NYSE:NI) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The company had revenue of $917.00 million during the quarter, compared to analyst estimates of $901.00 million. During the same period in the prior year, the firm earned $0.06 earnings per share. sell-side analysts predict that NiSource, Inc will post 1.19 EPS for the current fiscal year.
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In other NiSource news, Director Michael E. Jesanis acquired 2,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was bought at an average cost of $26.44 per share, with a total value of $52,880.00. Following the completion of the purchase, the director now directly owns 34,195 shares in the company, valued at $904,115.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.
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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