NiSource Inc. (NYSE:NI) Shares Sold by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC reduced its holdings in NiSource Inc. (NYSE:NI) by 17.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,471,366 shares of the utilities provider’s stock after selling 743,108 shares during the period. NiSource comprises 1.8% of Thompson Siegel & Walmsley LLC’s holdings, making the stock its 4th largest position. Thompson Siegel & Walmsley LLC’s holdings in NiSource were worth $120,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Zimmer Partners LP boosted its holdings in NiSource by 146.2% in the 1st quarter. Zimmer Partners LP now owns 8,907,743 shares of the utilities provider’s stock worth $246,388,000 after buying an additional 5,290,322 shares during the last quarter. Bank of Montreal Can raised its stake in NiSource by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 3,342,831 shares of the utilities provider’s stock valued at $96,407,000 after purchasing an additional 1,353,977 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in NiSource in the 3rd quarter valued at $32,162,000. AQR Capital Management LLC boosted its stake in NiSource by 118.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,616,189 shares of the utilities provider’s stock worth $46,449,000 after purchasing an additional 876,033 shares during the last quarter. Finally, CWM LLC raised its holdings in NiSource by 5,767.3% in the 2nd quarter. CWM LLC now owns 827,880 shares of the utilities provider’s stock valued at $23,851,000 after acquiring an additional 813,770 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Price Performance

Shares of NYSE NI opened at $37.30 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. NiSource Inc. has a one year low of $24.80 and a one year high of $37.31. The firm has a market capitalization of $17.41 billion, a P/E ratio of 22.61, a PEG ratio of 3.09 and a beta of 0.51. The company’s fifty day moving average is $34.89 and its two-hundred day moving average is $31.80.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on NI shares. Barclays raised their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho upped their price objective on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Bank of America began coverage on shares of NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.00 target price for the company. Jefferies Financial Group initiated coverage on NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.50.

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.