15,388 Shares in NiSource Inc. (NYSE:NI) Purchased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. acquired a new stake in shares of NiSource Inc. (NYSE:NI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,388 shares of the utilities provider’s stock, valued at approximately $566,000.

Several other large investors also recently modified their holdings of NI. Ashton Thomas Private Wealth LLC acquired a new stake in NiSource in the 2nd quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in shares of NiSource in the 3rd quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of NiSource during the 2nd quarter worth about $47,000. Legacy Investment Solutions LLC bought a new position in NiSource during the 3rd quarter valued at about $47,000. Finally, Friedenthal Financial acquired a new position in NiSource in the third quarter valued at about $50,000. 91.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NI. JPMorgan Chase & Co. boosted their target price on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays increased their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group began coverage on NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 price objective on the stock. Mizuho lifted their target price on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.50.

NiSource Trading Up 0.5 %

Shares of NI stock opened at $36.91 on Thursday. NiSource Inc. has a 12-month low of $24.80 and a 12-month high of $38.56. The company has a market capitalization of $17.23 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The firm has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $34.10. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI) last released its quarterly 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. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $986.00 million. During the same period last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts predict that NiSource Inc. will post 1.73 earnings per share for the current year.

NiSource Company 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.