DekaBank Deutsche Girozentrale reduced its position in shares of NiSource, Inc (NYSE:NI) by 37.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,576 shares of the utilities provider’s stock after selling 15,531 shares during the period. DekaBank Deutsche Girozentrale’s holdings in NiSource were worth $735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NI. Dimensional Fund Advisors LP raised its holdings in NiSource by 1.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,220,504 shares of the utilities provider’s stock worth $29,034,000 after purchasing an additional 12,599 shares in the last quarter. LS Investment Advisors LLC raised its holdings in NiSource by 3.8% during the second quarter. LS Investment Advisors LLC now owns 18,443 shares of the utilities provider’s stock worth $468,000 after purchasing an additional 670 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in NiSource by 2.9% during the second quarter. Nisa Investment Advisors LLC now owns 105,850 shares of the utilities provider’s stock worth $2,715,000 after purchasing an additional 3,000 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in NiSource by 1.0% during the second quarter. Louisiana State Employees Retirement System now owns 20,100 shares of the utilities provider’s stock worth $510,000 after purchasing an additional 200 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in NiSource by 6.1% during the second quarter. Aperio Group LLC now owns 224,581 shares of the utilities provider’s stock worth $5,695,000 after purchasing an additional 13,000 shares in the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. KeyCorp restated a “buy” rating and set a $29.50 target price on shares of NiSource in a research report on Friday, September 1st. Credit Suisse Group upgraded shares of NiSource from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $29.00 in a research report on Monday, August 14th. Citigroup Inc. upped their target price on shares of NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Friday, September 22nd. Finally, J P Morgan Chase & Co upped their target price on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, October 12th. 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 presently has an average rating of “Buy” and an average price target of $27.23.

NiSource, Inc (NI) opened at $27.04 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. NiSource, Inc has a 1 year low of $21.31 and a 1 year high of $27.76. The firm has a market cap of $9,106.91, a PE 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 EPS for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $917.00 million for the quarter, compared to analyst estimates of $901.00 million. NiSource had a net margin of 5.61% and a return on equity of 8.97%. During the same period in the prior year, the business earned $0.06 earnings per share. equities analysts anticipate that NiSource, Inc will post 1.19 EPS for the current fiscal year.

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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 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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