Donald Eugene Brown Sells 2,400 Shares of NiSource Inc. (NI) Stock

NiSource Inc. (NYSE:NI) CFO Donald Eugene Brown sold 2,400 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was sold at an average price of $26.18, for a total transaction of $62,832.00. Following the completion of the sale, the chief financial officer now directly owns 46,767 shares in the company, valued at $1,224,360.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NiSource stock traded up $0.17 during mid-day trading on Friday, reaching $26.13. The stock had a trading volume of 131,405 shares, compared to its average volume of 3,728,304. The stock has a market cap of $9.48 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 3.70 and a beta of 0.12. NiSource Inc. has a one year low of $22.44 and a one year high of $28.11. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.40 and a quick ratio of 0.26.

NiSource (NYSE:NI) last announced its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. The company 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 business posted $0.07 EPS. On average, equities analysts expect that NiSource Inc. will post 1.29 EPS for the current fiscal year.

NI has been the topic of a number of recent research reports. Mizuho downgraded shares of NiSource from a “buy” rating to a “neutral” rating in a research report on Friday, October 19th. TheStreet downgraded shares of NiSource from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Zacks Investment Research downgraded shares of NiSource from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. JPMorgan Chase & Co. reduced their target price on shares of NiSource from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. Finally, ValuEngine downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.27.

Institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new position in NiSource in the 2nd quarter worth about $104,000. Tower Research Capital LLC TRC bought a new position in NiSource in the 2nd quarter worth about $105,000. Advisors Asset Management Inc. bought a new position in NiSource in the 2nd quarter worth about $110,000. Chicago Partners Investment Group LLC boosted its stake in NiSource by 114.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,444 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 2,369 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in NiSource by 286.6% in the 2nd quarter. Parallel Advisors LLC now owns 4,701 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 3,485 shares in the last quarter. Institutional investors own 90.72% of the company’s stock.

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NiSource Company 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.

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