Macquarie Group Ltd. lowered its holdings in NiSource, Inc (NYSE:NI) by 92.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,900 shares of the utilities provider’s stock after selling 1,202,300 shares during the period. Macquarie Group Ltd.’s holdings in NiSource were worth $2,659,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in NiSource by 3.6% during the third quarter. Ameriprise Financial Inc. now owns 2,052,227 shares of the utilities provider’s stock valued at $52,516,000 after acquiring an additional 71,131 shares during the period. SG Americas Securities LLC grew its position in NiSource by 186.0% during the third quarter. SG Americas Securities LLC now owns 196,423 shares of the utilities provider’s stock valued at $5,026,000 after acquiring an additional 127,733 shares during the period. Quantbot Technologies LP grew its position in NiSource by 40.0% during the third quarter. Quantbot Technologies LP now owns 31,072 shares of the utilities provider’s stock valued at $795,000 after acquiring an additional 8,884 shares during the period. Russell Investments Group Ltd. grew its position in NiSource by 6.3% during the third quarter. Russell Investments Group Ltd. now owns 2,127,891 shares of the utilities provider’s stock valued at $54,427,000 after acquiring an additional 126,949 shares during the period. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in NiSource by 27.8% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 75,578 shares of the utilities provider’s stock valued at $1,934,000 after acquiring an additional 16,450 shares during the period. 82.24% of the stock is owned by institutional investors and hedge funds.
NiSource, Inc (NYSE:NI) traded down $0.30 during trading hours on Tuesday, hitting $27.03. The company had a trading volume of 2,093,800 shares, compared to its average volume of 2,533,593. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. NiSource, Inc has a fifty-two week low of $21.31 and a fifty-two week high of $27.76. The firm has a market capitalization of $9,100.00, a PE ratio of 23.76, a price-to-earnings-growth ratio of 4.04 and a beta of 0.42.
Several brokerages have recently weighed in on NI. Wells Fargo & Company began coverage on NiSource in a research report on Wednesday, August 9th. They issued an “outperform” rating and a $30.00 target price for the company. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Monday, October 2nd. Citigroup upped their target price on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. KeyCorp reaffirmed a “buy” rating and issued a $29.50 target price on shares of NiSource in a research report on Friday, September 1st. Finally, Credit Suisse Group raised NiSource from an “underperform” rating to an “outperform” rating and upped their target price for the stock from $25.00 to $29.00 in a research report on Monday, August 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $27.23.
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NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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