LMR Partners LLP Sells 47,887 Shares of NiSource, Inc (NI)

LMR Partners LLP lowered its stake in shares of NiSource, Inc (NYSE:NI) by 83.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,642 shares of the utilities provider’s stock after selling 47,887 shares during the period. LMR Partners LLP’s holdings in NiSource were worth $247,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. raised its position in shares of NiSource by 0.4% in the second quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock worth $154,000 after buying an additional 24 shares in the last quarter. ING Groep NV raised its position in shares of NiSource by 0.4% in the second quarter. ING Groep NV now owns 16,563 shares of the utilities provider’s stock worth $420,000 after buying an additional 59 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of NiSource by 0.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,636 shares of the utilities provider’s stock worth $295,000 after buying an additional 68 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of NiSource by 0.4% in 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. Finally, D.A. Davidson & CO. raised its position in shares of NiSource by 1.2% in the second quarter. D.A. Davidson & CO. now owns 11,644 shares of the utilities provider’s stock worth $295,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 82.23% of the company’s stock.

NiSource, Inc (NYSE:NI) traded up $0.10 during midday trading on Wednesday, reaching $27.20. The company’s stock had a trading volume of 2,397,400 shares, compared to its average volume of 2,528,239. NiSource, Inc has a twelve month low of $21.31 and a twelve month high of $27.76. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $9,106.90, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 3.99 and a beta of 0.37.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The business had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the business posted $0.06 earnings per share. analysts expect that NiSource, Inc will post 1.19 earnings per share for the current year.

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. KeyCorp reiterated a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research report on Friday, September 1st. J P Morgan Chase & Co increased 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. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Credit Suisse Group increased 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. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. NiSource has a consensus rating of “Buy” and a consensus target price of $27.23.

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About NiSource

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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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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