NiSource Inc. (NYSE:NI) Shares Acquired by California State Teachers Retirement System

Share on StockTwits

California State Teachers Retirement System lifted its stake in shares of NiSource Inc. (NYSE:NI) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 602,298 shares of the utilities provider’s stock after acquiring an additional 1,639 shares during the period. California State Teachers Retirement System’s holdings in NiSource were worth $18,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in NiSource by 2.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,487 shares of the utilities provider’s stock worth $388,000 after buying an additional 341 shares during the period. US Bancorp DE lifted its position in NiSource by 0.7% during the second quarter. US Bancorp DE now owns 54,191 shares of the utilities provider’s stock worth $1,560,000 after buying an additional 365 shares during the period. Hartford Investment Management Co. lifted its position in NiSource by 1.0% during the second quarter. Hartford Investment Management Co. now owns 41,045 shares of the utilities provider’s stock worth $1,182,000 after buying an additional 393 shares during the period. Tdam USA Inc. lifted its position in NiSource by 2.5% during the second quarter. Tdam USA Inc. now owns 17,189 shares of the utilities provider’s stock worth $495,000 after buying an additional 415 shares during the period. Finally, World Asset Management Inc lifted its position in NiSource by 1.9% during the third quarter. World Asset Management Inc now owns 24,347 shares of the utilities provider’s stock worth $728,000 after buying an additional 452 shares during the period. 91.18% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on NI shares. Wolfe Research downgraded NiSource from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 5th. ValuEngine upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Barclays upgraded NiSource from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $32.00 to $31.00 in a research report on Thursday, October 31st. Finally, Credit Suisse Group set a $29.00 target price on NiSource and gave the stock a “hold” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $29.55.

NYSE NI opened at $26.45 on Monday. The business’s 50-day moving average price is $27.29 and its 200 day moving average price is $28.63. The company has a market capitalization of $9.91 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 3.88 and a beta of 0.22. The company has a current ratio of 0.41, a quick ratio of 0.28 and a debt-to-equity ratio of 1.58. NiSource Inc. has a twelve month low of $24.36 and a twelve month high of $30.67.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The firm had revenue of $931.50 million during the quarter, compared to analysts’ expectations of $939.83 million. NiSource had a return on equity of 9.70% and a net margin of 9.70%. During the same quarter last year, the business earned $0.10 earnings per share. Equities analysts predict that NiSource Inc. will post 1.3 EPS for the current year.

About NiSource

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 for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

Featured Article: How to interpret the current ratio

Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource Inc. (NYSE:NI).

Institutional Ownership by Quarter for NiSource (NYSE:NI)

Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.