Sei Investments Co. Buys 63,158 Shares of NiSource, Inc (NI)
Sei Investments Co. boosted its stake in shares of NiSource, Inc (NYSE:NI) by 72.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,740 shares of the utilities provider’s stock after buying an additional 63,158 shares during the quarter. Sei Investments Co.’s holdings in NiSource were worth $3,857,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. First Quadrant L P CA acquired a new position in shares of NiSource in the 3rd quarter valued at about $114,000. Advisory Services Network LLC lifted its stake in shares of NiSource by 4.4% in the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 200 shares during the period. TCI Wealth Advisors Inc. lifted its stake in shares of NiSource by 0.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 24 shares during the period. Peapack Gladstone Financial Corp acquired a new position in shares of NiSource in the 2nd quarter valued at about $202,000. Finally, Conning Inc. acquired a new position in shares of NiSource in the 2nd quarter valued at about $206,000. 82.23% of the stock is currently owned by hedge funds and other institutional investors.
NiSource, Inc (NI) traded up $0.10 during mid-day trading on Wednesday, reaching $27.20. The company had a trading volume of 2,397,400 shares, compared to its average volume of 2,528,239. NiSource, Inc has a fifty-two week low of $21.31 and a fifty-two week high of $27.76. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. The firm has a market cap of $9,106.90, a P/E ratio of 23.51, a P/E/G ratio of 3.99 and a beta of 0.37.
A number of research analysts have recently issued reports on NI shares. Citigroup boosted their price objective on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 20th. KeyCorp reissued a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research note on Friday, October 20th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Monday, October 2nd. J P Morgan Chase & Co boosted their price objective on NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, October 12th. Finally, Credit Suisse Group boosted their price objective on NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. NiSource has an average rating of “Buy” and a consensus target price of $27.23.
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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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