NiSource Inc. (NI) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of NiSource Inc. (NYSE:NI) by 27.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 636,302 shares of the utilities provider’s stock after selling 244,873 shares during the period. Asset Management One Co. Ltd. owned approximately 0.19% of NiSource worth $16,274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in NiSource by 51.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 385,698 shares of the utilities provider’s stock worth $9,870,000 after purchasing an additional 131,333 shares during the period. AMP Capital Investors Ltd raised its position in NiSource by 13.8% in the 3rd quarter. AMP Capital Investors Ltd now owns 299,294 shares of the utilities provider’s stock worth $7,658,000 after purchasing an additional 36,276 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in NiSource by 8.5% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 307,145 shares of the utilities provider’s stock worth $7,893,000 after purchasing an additional 24,000 shares during the period. Engineers Gate Manager LP raised its position in NiSource by 121.4% in the 3rd quarter. Engineers Gate Manager LP now owns 111,583 shares of the utilities provider’s stock worth $2,855,000 after purchasing an additional 61,187 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in NiSource by 3.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 77,232 shares of the utilities provider’s stock worth $1,975,000 after purchasing an additional 2,786 shares during the period. 82.24% of the stock is owned by institutional investors.

A number of research firms have issued reports on NI. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research report on Friday, September 1st. Citigroup boosted their price objective on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Credit Suisse Group boosted their price objective on shares of NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Finally, J P Morgan Chase & Co boosted their price objective on shares of NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $27.23.

NiSource Inc. (NI) traded up $0.05 during mid-day trading on Friday, hitting $26.48. 3,304,100 shares of the company’s stock were exchanged, compared to its average volume of 2,561,136. NiSource Inc. has a 12-month low of $21.60 and a 12-month high of $27.76. The stock has a market capitalization of $8,901.46, a PE ratio of 22.98, a price-to-earnings-growth ratio of 3.75 and a beta of 0.36. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The firm had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. research analysts expect that NiSource Inc. will post 1.2 EPS for the current fiscal year.

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About NiSource

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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