NiSource, Inc (NI) Position Raised by Commonwealth Equity Services Inc
Commonwealth Equity Services Inc raised its position in shares of NiSource, Inc (NYSE:NI) by 5.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,443 shares of the company’s stock after buying an additional 1,299 shares during the period. Commonwealth Equity Services Inc’s holdings in NiSource were worth $662,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of NI. Advisory Services Network LLC raised its stake in shares of NiSource by 15.5% in the third quarter. Advisory Services Network LLC now owns 4,853 shares of the company’s stock worth $117,000 after buying an additional 653 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of NiSource by 84.9% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,503 shares of the company’s stock worth $119,000 after buying an additional 2,068 shares during the period. Commerce Bank purchased a new stake in shares of NiSource during the second quarter worth $200,000. Tredje AP fonden purchased a new stake in shares of NiSource during the second quarter worth $200,000. Finally, Veritable L.P. purchased a new stake in shares of NiSource during the second quarter worth $200,000. Institutional investors own 82.02% of the company’s stock.
NiSource, Inc (NYSE:NI) traded down 0.32% during mid-day trading on Friday, reaching $21.96. The company’s stock had a trading volume of 1,749,776 shares. The stock’s 50 day moving average is $22.05 and its 200 day moving average is $23.61. NiSource, Inc has a one year low of $19.05 and a one year high of $26.94. The firm has a market cap of $7.09 billion, a PE ratio of 23.34 and a beta of 0.24.
NiSource (NYSE:NI) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. NiSource had a return on equity of 8.76% and a net margin of 6.87%. During the same period in the previous year, the business posted $0.06 EPS. On average, analysts anticipate that NiSource, Inc will post $1.07 EPS for the current year.
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Several research firms have recently commented on NI. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a research report on Thursday, September 22nd. Jefferies Group raised NiSource from an “underperform” rating to a “hold” rating in a research report on Thursday, October 13th. Evercore ISI raised NiSource from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Guggenheim began coverage on NiSource in a research report on Thursday, November 3rd. They issued a “neutral” rating for the company. Finally, US Capital Advisors raised NiSource from a “hold” rating to a “buy” rating in a research report on Wednesday, November 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. NiSource has a consensus rating of “Hold” and an average target price of $24.86.
In related news, EVP Pablo Vegas acquired 21,541 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was purchased at an average cost of $21.75 per share, for a total transaction of $468,516.75. Following the transaction, the executive vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $1,552,884.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael E. Jesanis acquired 12,000 shares of the business’s stock in a transaction that occurred on Monday, January 9th. The shares were bought at an average price of $22.53 per share, with a total value of $270,360.00. Following the completion of the transaction, the director now directly owns 26,725 shares in the company, valued at $602,114.25. The disclosure for this purchase can be found here. Insiders own 0.32% of the company’s stock.
NiSource Company Profile
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 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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