Everence Capital Management Inc. Has $403,000 Holdings in NiSource Inc. (NYSE:NI)

Everence Capital Management Inc. lowered its position in NiSource Inc. (NYSE:NI) by 42.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,960 shares of the utilities provider’s stock after selling 8,100 shares during the period. Everence Capital Management Inc.’s holdings in NiSource were worth $403,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group began coverage on NiSource in a report on Monday, October 28th. They issued a “buy” rating and a $39.00 price target on the stock. Bank of America initiated coverage on shares of NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.00 price target for the company. JPMorgan Chase & Co. raised their price target on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. BMO Capital Markets lifted their price objective on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Wells Fargo & Company upped their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research 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 company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Stock Up 0.1 %

Shares of NiSource stock opened at $36.39 on Monday. The firm has a market cap of $16.99 billion, a PE ratio of 22.05, a P/E/G ratio of 2.84 and a beta of 0.54. The business’s 50 day simple moving average is $36.50 and its 200 day simple moving average is $33.72. 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 52-week low of $24.80 and a 52-week high of $38.56.

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