NiSource, Inc (NYSE:NI) EVP Michael J. Finissi sold 900 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $27.37, for a total value of $24,633.00. Following the transaction, the executive vice president now owns 50,050 shares of the company’s stock, valued at $1,369,868.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of NiSource, Inc (NYSE:NI) traded down $0.12 on Tuesday, hitting $27.21. The stock had a trading volume of 2,213,149 shares, compared to its average volume of 2,140,000. The stock has a market cap of $9,230.00, a PE ratio of 23.76, a price-to-earnings-growth ratio of 4.04 and a beta of 0.43. NiSource, Inc has a twelve month low of $21.17 and a twelve month high of $27.41. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 period in the prior year, the firm earned $0.06 EPS. analysts expect that NiSource, Inc will post 1.19 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of NI. OppenheimerFunds Inc. raised its holdings in shares of NiSource by 10.2% during the 1st quarter. OppenheimerFunds Inc. now owns 24,487 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 2,265 shares in the last quarter. FMR LLC raised its holdings in shares of NiSource by 11.3% during the 1st quarter. FMR LLC now owns 651,309 shares of the utilities provider’s stock worth $15,495,000 after acquiring an additional 66,298 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of NiSource by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,220,504 shares of the utilities provider’s stock worth $29,034,000 after acquiring an additional 12,599 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of NiSource during the 1st quarter worth approximately $262,000. Finally, HighTower Advisors LLC raised its holdings in shares of NiSource by 0.5% during the 1st quarter. HighTower Advisors LLC now owns 27,685 shares of the utilities provider’s stock worth $661,000 after acquiring an additional 129 shares in the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

NI has been the topic of a number of research analyst reports. KeyCorp reissued a “buy” rating and issued a $29.50 price target on shares of NiSource in a report on Friday, October 20th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating and issued a $23.00 price target on shares of NiSource in a report on Friday, July 14th. J P Morgan Chase & Co boosted their price target on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group boosted their price target on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a report on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $26.85.

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.

Insider Buying and Selling by Quarter for NiSource (NYSE:NI)

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