Atria Investments Inc Increases Stock Holdings in NiSource Inc. (NYSE:NI)

Atria Investments Inc lifted its position in shares of NiSource Inc. (NYSE:NI) by 5.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,444 shares of the utilities provider’s stock after buying an additional 465 shares during the quarter. Atria Investments Inc’s holdings in NiSource were worth $327,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NI. QRG Capital Management Inc. grew its position in shares of NiSource by 2.1% in the third 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 holdings in NiSource by 12.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider’s stock valued at $119,000 after buying an additional 369 shares during the last quarter. Thomasville National Bank increased its position 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 buying an additional 372 shares in the last quarter. Aurora Investment Counsel raised its holdings in shares of NiSource by 0.7% in the second quarter. Aurora Investment Counsel now owns 62,589 shares of the utilities provider’s stock worth $1,803,000 after acquiring an additional 450 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of NiSource by 5.4% in the first quarter. Tidal Investments LLC now owns 9,728 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 499 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their target price on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Mizuho boosted their price target on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Barclays increased their price target on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Stock Down 0.4 %

Shares of NI opened at $37.69 on Friday. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.07. The company’s fifty day moving average is $35.04 and its two-hundred day moving average is $31.90. The firm has a market cap of $17.59 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 3.09 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

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

NiSource Profile

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.