Coldstream Capital Management Inc. Grows Holdings in NiSource Inc. (NYSE:NI)

Coldstream Capital Management Inc. raised its holdings in shares of NiSource Inc. (NYSE:NI) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,457 shares of the utilities provider’s stock after purchasing an additional 414 shares during the quarter. Coldstream Capital Management Inc.’s holdings in NiSource were worth $363,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MCF Advisors LLC bought a new stake in NiSource during the 2nd quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of NiSource during the second quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in shares of NiSource in the third quarter valued at about $33,000. Family Firm Inc. bought a new stake in shares of NiSource in the second quarter valued at about $43,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in NiSource in the second quarter worth about $47,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Stock Up 0.1 %

NiSource stock opened at $36.55 on Monday. The business has a fifty day moving average price of $35.94 and a 200-day moving average price of $32.86. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $38.56. The stock has a market capitalization of $17.06 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.06 and a beta of 0.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35.

NiSource (NYSE:NI) last issued 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 the consensus estimate of $986.00 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Equities research analysts forecast that NiSource Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NI. JPMorgan Chase & Co. boosted their price target on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group initiated coverage on shares of NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. Wells Fargo & Company increased their target price on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Mizuho boosted their price target on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America began coverage on NiSource in a research report on Thursday, September 12th. They set a “buy” rating and a $37.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

About NiSource

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.