WEALTHFRONT Corp Has $935,000 Stake in NiSource Inc. (NI)

WEALTHFRONT Corp grew its stake in NiSource Inc. (NYSE:NI) by 7.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,538 shares of the utilities provider’s stock after acquiring an additional 2,630 shares during the quarter. WEALTHFRONT Corp’s holdings in NiSource were worth $935,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in NiSource during the second quarter valued at $104,000. Daiwa Securities Group Inc. increased its position in NiSource by 26.0% during the second quarter. Daiwa Securities Group Inc. now owns 12,733 shares of the utilities provider’s stock valued at $335,000 after acquiring an additional 2,626 shares during the last quarter. Aperio Group LLC increased its position in NiSource by 2.9% during the second quarter. Aperio Group LLC now owns 234,546 shares of the utilities provider’s stock valued at $6,164,000 after acquiring an additional 6,704 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in NiSource by 5.9% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 996,906 shares of the utilities provider’s stock valued at $26,199,000 after acquiring an additional 55,786 shares during the last quarter. Finally, Comerica Bank increased its position in NiSource by 3.9% during the second quarter. Comerica Bank now owns 154,740 shares of the utilities provider’s stock valued at $4,042,000 after acquiring an additional 5,871 shares during the last quarter. Institutional investors own 91.20% of the company’s stock.

NYSE NI opened at $27.14 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.26 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $9.91 billion, a PE ratio of 22.43, a P/E/G ratio of 3.80 and a beta of 0.14. NiSource Inc. has a 12 month low of $22.44 and a 12 month high of $28.11.

NiSource (NYSE:NI) last posted its quarterly earnings results on Thursday, November 1st. The utilities provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.04. The firm 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 period in the prior year, the business posted $0.07 earnings per share. As a group, equities research analysts anticipate that NiSource Inc. will post 1.29 earnings per share for the current year.

In other news, CFO Donald Eugene Brown sold 2,400 shares of the company’s stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $26.18, for a total value of $62,832.00. Following the transaction, 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 document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.37% of the company’s stock.

A number of research firms have weighed in on NI. Guggenheim cut shares of NiSource from a “buy” rating to a “neutral” rating in a research report on Monday, September 10th. They noted that the move was a valuation call. ValuEngine upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Wolfe Research set a $27.00 price objective on shares of NiSource and gave the company a “buy” rating in a research report on Monday, September 17th. Zacks Investment Research upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Finally, Goldman Sachs Group cut shares of NiSource from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $27.45.

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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.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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