BlackRock Inc. Boosts Stock Holdings in NiSource Inc. (NYSE:NI)

BlackRock Inc. grew its holdings in NiSource Inc. (NYSE:NI) by 7.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,054,825 shares of the utilities provider’s stock after buying an additional 3,462,455 shares during the period. BlackRock Inc. owned approximately 12.75% of NiSource worth $1,212,825,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of NiSource by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 44,919,551 shares of the utilities provider’s stock worth $1,100,529,000 after buying an additional 432,831 shares in the last quarter. Deutsche Bank AG grew its stake in shares of NiSource by 32.7% in the 2nd quarter. Deutsche Bank AG now owns 18,903,542 shares of the utilities provider’s stock worth $463,136,000 after buying an additional 4,654,683 shares in the last quarter. FMR LLC boosted its stake in shares of NiSource by 5.9% during the 2nd quarter. FMR LLC now owns 9,531,053 shares of the utilities provider’s stock worth $233,511,000 after purchasing an additional 533,631 shares during the period. Maple Brown Abbott Ltd boosted its stake in shares of NiSource by 5.6% during the 2nd quarter. Maple Brown Abbott Ltd now owns 7,259,598 shares of the utilities provider’s stock worth $177,860,000 after purchasing an additional 382,810 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of NiSource by 4.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,918,574 shares of the utilities provider’s stock worth $169,032,000 after purchasing an additional 293,806 shares during the period. 95.34% of the stock is owned by institutional investors and hedge funds.

NI has been the subject of a number of recent analyst reports. TheStreet raised shares of NiSource from a “c” rating to a “b-” rating in a research note on Monday, December 20th. The Goldman Sachs Group raised shares of NiSource from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $27.00 to $29.00 in a research note on Tuesday, October 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $28.17.

Shares of NI opened at $28.33 on Friday. NiSource Inc. has a 1-year low of $21.09 and a 1-year high of $28.44. The company has a 50-day moving average of $26.31 and a 200 day moving average of $25.36. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 2.91 and a beta of 0.36. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.65 and a quick ratio of 0.45.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, November 3rd. The utilities provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. NiSource had a net margin of 10.71% and a return on equity of 11.32%. The company had revenue of $959.40 million during the quarter, compared to analyst estimates of $965.08 million. During the same quarter last year, the business posted $0.09 EPS. On average, equities analysts anticipate that NiSource Inc. will post 1.36 earnings per share for the current fiscal year.

NiSource Profile

NiSource, Inc is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses in the natural gas service and transportation for residential, commercial, and industrial customers.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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