Mirabella Financial Services LLP Buys Shares of 53,042 NiSource Inc. (NYSE:NI)

Mirabella Financial Services LLP bought a new stake in shares of NiSource Inc. (NYSE:NIGet Rating) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 53,042 shares of the utilities provider’s stock, valued at approximately $1,378,000.

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

Wall Street Analyst Weigh In

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

NiSource Stock Up 1.0 %

Shares of NiSource stock opened at $27.88 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.37 and a debt-to-equity ratio of 1.60. The company’s fifty day simple moving average is $26.96 and its two-hundred day simple moving average is $27.93. The company has a market cap of $11.32 billion, a P/E ratio of 18.10, a PEG ratio of 2.62 and a beta of 0.46. NiSource Inc. has a 12-month low of $23.78 and a 12-month high of $32.58.

NiSource (NYSE:NIGet Rating) last issued its quarterly earnings data on Monday, November 7th. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $996.60 million. NiSource had a net margin of 12.81% and a return on equity of 10.27%. Research analysts anticipate that NiSource Inc. will post 1.45 EPS for the current 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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