My Legacy Advisors LLC Boosts Stock Position in NiSource Inc. (NYSE:NI)

My Legacy Advisors LLC lifted its holdings in shares of NiSource Inc. (NYSE:NI) by 4.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,190 shares of the utilities provider’s stock after buying an additional 870 shares during the period. My Legacy Advisors LLC’s holdings in NiSource were worth $782,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in NiSource by 88.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider’s stock worth $516,373,000 after buying an additional 6,991,608 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of NiSource by 53.3% in the third quarter. Bank of Montreal Can now owns 5,124,909 shares of the utilities provider’s stock worth $176,194,000 after acquiring an additional 1,782,078 shares during the last quarter. State Street Corp increased its position in shares of NiSource by 5.8% during the third quarter. State Street Corp now owns 22,691,174 shares of the utilities provider’s stock worth $786,249,000 after purchasing an additional 1,247,368 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in NiSource in the 3rd quarter valued at $32,162,000. Finally, AQR Capital Management LLC lifted its holdings in NiSource by 118.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,616,189 shares of the utilities provider’s stock valued at $46,449,000 after purchasing an additional 876,033 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NI stock opened at $38.13 on Friday. NiSource Inc. has a 52-week low of $24.80 and a 52-week high of $38.56. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The stock has a market cap of $17.80 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The business has a fifty day moving average of $36.82 and a two-hundred day moving average of $34.23.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NI shares. JPMorgan Chase & Co. upped their target price on shares of NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on shares of NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 target price on the stock. Mizuho upped their price target on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

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.