NiSource Inc. (NYSE:NI) Shares Sold by HF Advisory Group LLC

HF Advisory Group LLC decreased its holdings in shares of NiSource Inc. (NYSE:NI) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,522 shares of the utilities provider’s stock after selling 14,225 shares during the period. HF Advisory Group LLC’s holdings in NiSource were worth $1,673,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its holdings in NiSource by 153.2% in the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider’s stock worth $32,000 after buying an additional 527 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of NiSource in the third quarter worth $33,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of NiSource during the second quarter valued at about $47,000. Legacy Investment Solutions LLC acquired a new stake in NiSource in the third quarter worth about $47,000. Finally, Friedenthal Financial bought a new position in NiSource in the 3rd quarter valued at about $50,000. 91.64% of the stock is currently owned by institutional investors.

NiSource Trading Up 0.3 %

NYSE:NI opened at $38.13 on Friday. The stock has a market cap of $17.80 billion, a PE ratio of 23.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.56. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. The stock’s 50-day moving average is $36.82 and its two-hundred day moving average is $34.23.

NiSource (NYSE:NI) last released 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 net margin of 14.63% and a return on equity of 8.27%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. During the same quarter in the prior year, the business earned $0.19 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities research analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays raised 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. JPMorgan Chase & Co. boosted their price objective on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of NiSource in a research report on Monday, October 28th. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Mizuho raised their price objective on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.