NiSource Inc. (NYSE:NI) Shares Sold by White Knight Strategic Wealth Advisors LLC

White Knight Strategic Wealth Advisors LLC cut its position in NiSource Inc. (NYSE:NI) by 31.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,745 shares of the utilities provider’s stock after selling 3,125 shares during the period. White Knight Strategic Wealth Advisors LLC’s holdings in NiSource were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. QRG Capital Management Inc. boosted its holdings in shares of NiSource by 2.1% in the 3rd quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 309 shares during the last quarter. Farther Finance Advisors LLC grew its position in NiSource by 12.0% during the third quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider’s stock valued at $119,000 after acquiring an additional 369 shares during the period. Thomasville National Bank increased its stake in NiSource by 0.7% during the second quarter. Thomasville National Bank now owns 53,719 shares of the utilities provider’s stock worth $1,548,000 after acquiring an additional 372 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of NiSource by 3.2% in the 3rd quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 428 shares during the period. Finally, Aurora Investment Counsel increased its position in NiSource by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 62,589 shares of the utilities provider’s stock worth $1,803,000 after purchasing an additional 450 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NI shares. Evercore ISI raised their target price on shares of NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Barclays boosted their price target on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho upped their target price on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company raised their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on NiSource in a research note on Monday, October 28th. They set a “buy” rating and a $39.00 target price for the company. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and an average price target of $37.50.

NiSource Stock Performance

Shares of NI stock opened at $38.13 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. The stock has a market capitalization of $17.80 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.18 and a beta of 0.51. NiSource Inc. has a one year low of $24.80 and a one year high of $38.56. The company’s 50-day simple moving average is $35.37 and its 200-day simple moving average is $32.16.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $986.00 million. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 EPS. Equities analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.