FDx Advisors Inc. bought a new position in shares of NiSource, Inc (NYSE:NI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,262 shares of the utilities provider’s stock, valued at approximately $237,000.

Several other large investors also recently bought and sold shares of NI. Dimensional Fund Advisors LP raised its position in shares of NiSource by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,220,504 shares of the utilities provider’s stock worth $29,034,000 after buying an additional 12,599 shares in the last quarter. Gateway Investment Advisers LLC raised its position in shares of NiSource by 1.5% in the second quarter. Gateway Investment Advisers LLC now owns 20,560 shares of the utilities provider’s stock worth $521,000 after buying an additional 305 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its position in shares of NiSource by 508.8% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 52,511 shares of the utilities provider’s stock worth $1,332,000 after buying an additional 43,885 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of NiSource by 3.8% in the second quarter. LS Investment Advisors LLC now owns 18,443 shares of the utilities provider’s stock worth $468,000 after buying an additional 670 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of NiSource by 2.9% in the second quarter. Nisa Investment Advisors LLC now owns 105,850 shares of the utilities provider’s stock worth $2,715,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 78.36% of the company’s stock.

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A number of brokerages recently issued reports on NI. Citigroup Inc. 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. 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. KeyCorp reiterated a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research report on Friday, October 20th. 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. Finally, 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 Monday, October 2nd. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. NiSource currently has an average rating of “Buy” and a consensus price target of $27.23.

NiSource, Inc (NYSE:NI) opened at $27.04 on Thursday. The company has a market capitalization of $9,167.52, a price-to-earnings ratio of 23.67, a P/E/G ratio of 4.02 and a beta of 0.37. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32. NiSource, Inc has a 12 month low of $21.31 and a 12 month high of $27.76.

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

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.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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