Exxonmobil Investment Management Inc. TX cut its stake in NiSource Inc. (NYSE:NI) by 10.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,552 shares of the utilities provider’s stock after selling 5,957 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in NiSource were worth $1,375,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FMR LLC grew its stake in NiSource by 31.3% during the 2nd quarter. FMR LLC now owns 855,250 shares of the utilities provider’s stock worth $21,689,000 after buying an additional 203,941 shares during the last quarter. Swiss National Bank grew its stake in NiSource by 1.1% during the 3rd quarter. Swiss National Bank now owns 1,191,700 shares of the utilities provider’s stock worth $30,496,000 after buying an additional 13,200 shares during the last quarter. Prudential Financial Inc. grew its stake in NiSource by 8.7% during the 3rd quarter. Prudential Financial Inc. now owns 660,083 shares of the utilities provider’s stock worth $16,892,000 after buying an additional 52,620 shares during the last quarter. Janus Henderson Group PLC grew its stake in NiSource by 29.6% during the 3rd quarter. Janus Henderson Group PLC now owns 401,087 shares of the utilities provider’s stock worth $10,263,000 after buying an additional 91,675 shares during the last quarter. Finally, Intl Fcstone Inc. grew its stake in NiSource by 79.0% during the 2nd quarter. Intl Fcstone Inc. now owns 29,133 shares of the utilities provider’s stock worth $739,000 after buying an additional 12,862 shares during the last quarter. Institutional investors and hedge funds own 82.20% of the company’s stock.

Several brokerages recently weighed in on NI. Citigroup boosted their target price on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. KeyCorp reaffirmed a “buy” rating and set a $29.50 price target on shares of NiSource in a research report on Friday, October 20th. JPMorgan Chase & Co. lifted their price target 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 cut NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Credit Suisse Group lifted their price target on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Five investment 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 target price of $27.32.

Shares of NiSource Inc. (NYSE:NI) opened at $24.15 on Thursday. NiSource Inc. has a 52-week low of $21.65 and a 52-week high of $27.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. The company has a market capitalization of $8,093.15, a PE ratio of 29.45, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the previous year, the firm posted $0.06 EPS. equities analysts forecast that NiSource Inc. will post 1.2 earnings per share for the current 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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