Riverhead Capital Management LLC decreased its stake in NiSource, Inc (NYSE:NI) by 16.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,703 shares of the company’s stock after selling 3,649 shares during the period. Riverhead Capital Management LLC’s holdings in NiSource were worth $451,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Cohen & Steers Inc. raised its stake in NiSource by 14,608.3% in the second quarter. Cohen & Steers Inc. now owns 97,537,000 shares of the company’s stock valued at $95,586,000 after buying an additional 96,873,859 shares during the last quarter. Vanguard Group Inc. raised its position in shares of NiSource by 12.2% in the second quarter. Vanguard Group Inc. now owns 33,580,911 shares of the company’s stock worth $890,566,000 after buying an additional 3,654,293 shares in the last quarter. State Street Corp raised its position in shares of NiSource by 14.9% in the second quarter. State Street Corp now owns 16,070,267 shares of the company’s stock worth $426,183,000 after buying an additional 2,088,701 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of NiSource by 29.4% in the second quarter. Alliancebernstein L.P. now owns 4,957,873 shares of the company’s stock worth $131,483,000 after buying an additional 1,125,459 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of NiSource during the second quarter worth $23,356,000. 82.00% of the stock is currently owned by institutional investors and hedge funds.
Shares of NiSource, Inc (NYSE:NI) traded up 0.76% during mid-day trading on Wednesday, hitting $22.52. 2,469,972 shares of the stock were exchanged. The company has a 50-day moving average of $22.04 and a 200 day moving average of $23.52. The stock has a market cap of $7.27 billion, a PE ratio of 23.93 and a beta of 0.24. NiSource, Inc has a one year low of $19.33 and a one year high of $26.94.
NiSource (NYSE:NI) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. NiSource had a return on equity of 8.76% and a net margin of 6.87%. During the same quarter last year, the business earned $0.06 EPS. On average, equities analysts predict that NiSource, Inc will post $1.07 earnings per share for the current year.
A number of research analysts recently weighed in on the stock. US Capital Advisors raised shares of NiSource from a “hold” rating to a “buy” rating in a research note on Wednesday, November 30th. Evercore ISI raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. Goldman Sachs Group, Inc. (The) assumed coverage on shares of NiSource in a research note on Thursday, December 15th. They issued a “neutral” rating and a $23.00 price target on the stock. Guggenheim assumed coverage on shares of NiSource in a research note on Thursday, November 3rd. They issued a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, September 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.86.
In related news, EVP Pablo Vegas acquired 21,541 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were purchased at an average price of $21.75 per share, with a total value of $468,516.75. Following the completion of the acquisition, the executive vice president now owns 71,397 shares in the company, valued at $1,552,884.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael E. Jesanis acquired 12,000 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The shares were bought at an average cost of $22.53 per share, for a total transaction of $270,360.00. Following the acquisition, the director now owns 26,725 shares of the company’s stock, valued at approximately $602,114.25. The disclosure for this purchase can be found here. Corporate insiders own 0.32% of the company’s stock.
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 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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