Bessemer Group Inc. lessened its holdings in shares of NiSource Inc. (NYSE:NI) by 8.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 344,422 shares of the utilities provider’s stock after selling 30,937 shares during the period. Bessemer Group Inc. owned about 0.09% of NiSource worth $8,583,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its holdings in shares of NiSource by 5.4% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 36,838 shares of the utilities provider’s stock worth $968,000 after acquiring an additional 1,878 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of NiSource by 5.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 41,926 shares of the utilities provider’s stock worth $1,045,000 after acquiring an additional 2,149 shares during the period. First Republic Investment Management Inc. grew its holdings in shares of NiSource by 18.0% during the 2nd quarter. First Republic Investment Management Inc. now owns 14,263 shares of the utilities provider’s stock worth $374,000 after acquiring an additional 2,174 shares during the period. Nissay Asset Management Corp Japan ADV grew its holdings in shares of NiSource by 8.7% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 27,860 shares of the utilities provider’s stock worth $732,000 after acquiring an additional 2,231 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of NiSource by 17.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,294 shares of the utilities provider’s stock worth $381,000 after acquiring an additional 2,276 shares during the period. Institutional investors own 90.04% of the company’s stock.

NI has been the topic of a number of research analyst reports. Evercore ISI downgraded NiSource from an “in-line” rating to an “underperform” rating in a report on Friday, September 14th. Goldman Sachs Group downgraded NiSource from a “conviction-buy” rating to a “buy” rating and set a $29.00 target price on the stock. in a report on Friday, September 21st. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Wednesday, October 3rd. Mizuho downgraded NiSource from a “buy” rating to a “neutral” rating in a research note on Friday, October 19th. Finally, ValuEngine upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.27.

In related news, CFO Donald Eugene Brown sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $26.18, for a total value of $62,832.00. Following the transaction, the chief financial officer now directly owns 46,767 shares of the company’s stock, valued at approximately $1,224,360.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

NiSource stock opened at $25.96 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.26 and a debt-to-equity ratio of 1.52. The company has a market capitalization of $9.50 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.71 and a beta of 0.12. NiSource Inc. has a twelve month low of $22.44 and a twelve month high of $28.11.

NiSource (NYSE:NI) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. The company had revenue of $895.00 million for the quarter, compared to the consensus estimate of $946.10 million. NiSource had a positive return on equity of 9.30% and a negative net margin of 1.82%. During the same quarter in the prior year, the business posted $0.07 EPS. On average, analysts expect that NiSource Inc. will post 1.29 EPS for the current fiscal year.

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NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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