Versor Investments LP Has $358,000 Stock Holdings in NiSource Inc. (NYSE:NI)

Versor Investments LP cut its stake in NiSource Inc. (NYSE:NIGet Rating) by 15.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,194 shares of the utilities provider’s stock after selling 2,500 shares during the period. Versor Investments LP’s holdings in NiSource were worth $358,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NI. Private Advisor Group LLC grew its stake in NiSource by 16.3% during the first quarter. Private Advisor Group LLC now owns 18,625 shares of the utilities provider’s stock worth $593,000 after buying an additional 2,614 shares during the last quarter. MetLife Investment Management LLC raised its position in NiSource by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 106,827 shares of the utilities provider’s stock valued at $3,397,000 after purchasing an additional 20,064 shares during the last quarter. Cibc World Market Inc. boosted its stake in NiSource by 66.2% in the first quarter. Cibc World Market Inc. now owns 146,548 shares of the utilities provider’s stock worth $4,660,000 after purchasing an additional 58,398 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in NiSource by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,676 shares of the utilities provider’s stock worth $62,093,000 after purchasing an additional 447,102 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of NiSource in the first quarter valued at $472,000. 92.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NI has been the subject of a number of research reports. Guggenheim lowered their price target on shares of NiSource from $32.00 to $27.00 in a report on Monday, October 24th. Credit Suisse Group upgraded shares of NiSource from a “neutral” rating to an “outperform” rating and set a $27.00 price objective on the stock in a report on Wednesday, November 9th. Wells Fargo & Company lifted their target price on shares of NiSource to $31.00 in a report on Wednesday, December 14th. Evercore ISI lowered their price target on NiSource to $27.00 in a research note on Tuesday, November 15th. Finally, StockNews.com initiated coverage on NiSource in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $29.86.

NiSource Price Performance

Shares of NYSE NI opened at $27.61 on Monday. NiSource Inc. has a fifty-two week low of $23.78 and a fifty-two week high of $32.58. The stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 2.62 and a beta of 0.46. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.57 and a quick ratio of 0.37. The business has a 50-day moving average of $26.92 and a 200-day moving average of $27.93.

NiSource (NYSE:NIGet Rating) last posted its quarterly earnings results on Monday, November 7th. The utilities provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $996.60 million. NiSource had a return on equity of 10.27% and a net margin of 12.81%. As a group, sell-side analysts predict that NiSource Inc. will post 1.45 earnings per share for the current fiscal year.

About NiSource

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NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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