GAMMA Investing LLC Has $671,000 Position in NiSource Inc. (NYSE:NI)

GAMMA Investing LLC raised its holdings in shares of NiSource Inc. (NYSE:NI) by 25.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,249 shares of the utilities provider’s stock after purchasing an additional 3,689 shares during the quarter. GAMMA Investing LLC’s holdings in NiSource were worth $671,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NI. QRG Capital Management Inc. increased its position in shares of NiSource by 2.1% during the third quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider’s stock worth $531,000 after acquiring an additional 309 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in NiSource by 12.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 369 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in NiSource by 4.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 414 shares during the last quarter. Empirical Finance LLC increased its holdings in NiSource by 3.2% during the 3rd quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 428 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of NiSource by 1.6% in the third quarter. Orion Portfolio Solutions LLC now owns 27,046 shares of the utilities provider’s stock worth $937,000 after purchasing an additional 432 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Up 0.1 %

NiSource stock opened at $36.39 on Friday. The firm has a 50 day moving average price of $36.50 and a 200-day moving average price of $33.68. 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 Inc. has a twelve month low of $24.80 and a twelve month high of $38.56. The company has a market capitalization of $16.99 billion, a P/E ratio of 22.05, a P/E/G ratio of 2.84 and a beta of 0.54.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share for the quarter, beating 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 analyst estimates of $986.00 million. During the same period in the prior year, the company earned $0.19 earnings per share. NiSource’s revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that NiSource Inc. will post 1.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NI shares. Mizuho lifted their target price on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their target price on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays boosted their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Bank of America assumed coverage on shares of NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.