State of Wisconsin Investment Board lifted its holdings in NiSource, Inc (NYSE:NI) by 8.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,102 shares of the utilities provider’s stock after purchasing an additional 17,656 shares during the quarter. State of Wisconsin Investment Board owned 0.07% of NiSource worth $5,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NI. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 12,599 shares during the last quarter. Gateway Investment Advisers LLC raised its stake 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 purchasing an additional 305 shares during the last quarter. Creative Planning raised its stake in shares of NiSource by 9.6% in the second quarter. Creative Planning now owns 34,029 shares of the utilities provider’s stock worth $863,000 after purchasing an additional 2,970 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its stake 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 purchasing an additional 43,885 shares during the last quarter. Finally, LS Investment Advisors LLC raised its stake 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 purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 78.36% of the company’s stock.

Shares of NiSource, Inc (NYSE NI) opened at $27.08 on Monday. The company has a market capitalization of $9,120.37, a price-to-earnings ratio of 23.55, a P/E/G ratio of 4.00 and a beta of 0.37. 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.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting analysts’ consensus estimates of $0.07. The business had revenue of $917.00 million during 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 business posted $0.06 earnings per share. equities analysts forecast that NiSource, Inc will post 1.19 EPS for the current year.

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Several research analysts have recently weighed in on the company. Credit Suisse Group boosted their price target on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. KeyCorp restated a “buy” rating and issued a $29.50 price target on shares of NiSource in a research note on Friday, October 20th. J P Morgan Chase & Co upped their price objective on NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Monday, October 2nd. Finally, Wells Fargo & Company started coverage on NiSource in a research report on Wednesday, August 9th. They set an “outperform” rating and a $30.00 price objective for the company. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $26.85.

NiSource 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.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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