NiSource Inc. (NI) Stake Lessened by California State Teachers Retirement System

California State Teachers Retirement System decreased its holdings in NiSource Inc. (NYSE:NI) by 8.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 548,941 shares of the utilities provider’s stock after selling 49,820 shares during the quarter. California State Teachers Retirement System owned 0.16% of NiSource worth $14,047,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in NI. FMR LLC lifted its holdings in shares of NiSource by 31.3% in the second quarter. FMR LLC now owns 855,250 shares of the utilities provider’s stock valued at $21,689,000 after buying an additional 203,941 shares during the period. Marshall Wace North America L.P. lifted its holdings in shares of NiSource by 304.9% in the second quarter. Marshall Wace North America L.P. now owns 142,287 shares of the utilities provider’s stock valued at $3,557,000 after buying an additional 107,142 shares during the period. State of Wisconsin Investment Board lifted its holdings in shares of NiSource by 48.8% in the second quarter. State of Wisconsin Investment Board now owns 205,446 shares of the utilities provider’s stock valued at $5,210,000 after buying an additional 67,360 shares during the period. Calamos Advisors LLC acquired a new stake in shares of NiSource in the second quarter valued at $4,326,000. Finally, Swiss National Bank lifted its holdings in shares of NiSource by 1.1% in the third quarter. Swiss National Bank now owns 1,191,700 shares of the utilities provider’s stock valued at $30,496,000 after buying an additional 13,200 shares during the period. 82.19% of the stock is owned by institutional investors.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Credit Suisse Group upped their price objective on NiSource from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Thursday, November 2nd. J P Morgan Chase & Co upped their target price on NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. KeyCorp reaffirmed a “buy” rating and set a $29.50 target price on shares of NiSource in a report on Friday, October 20th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $26.00 target price on shares of NiSource in a report on Wednesday. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. NiSource presently has an average rating of “Buy” and a consensus price target of $27.95.

Shares of NiSource Inc. (NYSE NI) opened at $25.28 on Friday. NiSource Inc. has a fifty-two week low of $21.65 and a fifty-two week high of $27.76. The company has a market capitalization of $8,305.33, a price-to-earnings ratio of 21.44, a PEG ratio of 3.50 and a beta of 0.36. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $901.00 million. During the same period in the prior year, the business posted $0.06 earnings per share. sell-side analysts anticipate that NiSource Inc. will post 1.2 EPS for the current year.

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About NiSource

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.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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