Robeco Institutional Asset Management B.V. Acquires 2,149 Shares of NiSource Inc. (NI)

Robeco Institutional Asset Management B.V. grew its holdings in shares of NiSource Inc. (NYSE:NI) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,926 shares of the utilities provider’s stock after acquiring an additional 2,149 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NiSource were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of NiSource by 9.8% during the 2nd quarter. Renaissance Technologies LLC now owns 1,528,100 shares of the utilities provider’s stock valued at $40,158,000 after acquiring an additional 136,500 shares during the period. Zurich Insurance Group Ltd FI bought a new position in NiSource in the 2nd quarter worth $3,355,000. State Board of Administration of Florida Retirement System boosted its holdings in NiSource by 0.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 492,916 shares of the utilities provider’s stock worth $12,954,000 after buying an additional 3,817 shares during the period. US Bancorp DE boosted its holdings in NiSource by 5.4% in the 2nd quarter. US Bancorp DE now owns 62,592 shares of the utilities provider’s stock worth $1,645,000 after buying an additional 3,209 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in NiSource by 0.3% in the 2nd quarter. Schroder Investment Management Group now owns 2,334,425 shares of the utilities provider’s stock worth $60,975,000 after buying an additional 5,885 shares during the period. 90.72% of the stock is owned by hedge funds and other institutional investors.

Shares of NI stock opened at $26.10 on Wednesday. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of 21.57, a P/E/G ratio of 3.57 and a beta of 0.12. NiSource Inc. has a 52 week low of $22.44 and a 52 week high of $28.11. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.26 and a current ratio of 0.40.

NiSource (NYSE:NI) last announced its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. The business had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $946.10 million. NiSource had a negative net margin of 1.82% and a positive return on equity of 9.30%. During the same quarter in the previous year, the company earned $0.07 EPS. As a group, equities analysts expect that NiSource Inc. will post 1.3 earnings per share for the current fiscal year.

Several brokerages recently weighed in on NI. Guggenheim downgraded shares of NiSource from a “buy” rating to a “neutral” rating in a report on Monday, September 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of NiSource from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Barclays began coverage on shares of NiSource in a report on Tuesday, July 10th. They issued an “equal weight” rating and a $27.00 target price for the company. KeyCorp upped their target price on shares of NiSource from $26.00 to $27.00 and gave the stock a “$26.15” rating in a report on Thursday, July 19th. Finally, Evercore ISI raised shares of NiSource to an “underperform” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. NiSource currently has an average rating of “Hold” and an average price target of $27.27.

In other NiSource news, EVP Carrie J. Hightman sold 27,000 shares of the business’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $26.75, for a total value of $722,250.00. Following the sale, the executive vice president now owns 325,066 shares in the company, valued at approximately $8,695,515.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.37% of the stock is owned by insiders.

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NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

Further Reading: What is an Initial Public Offering (IPO)?

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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