The Skandinaviska Enskilda Banken AB publ Maintains Stake in NiSource Inc. (NI)

The Skandinaviska Enskilda Banken AB publ Maintains Stake in NiSource Inc. (NI)

Skandinaviska Enskilda Banken AB publ maintained its position in NiSource Inc. (NYSE:NI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,829 shares of the company’s stock at the end of the third quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NiSource were worth $719,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of NI. Robeco Institutional Asset Management B.V. raised its stake in shares of NiSource by 50.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 378,212 shares of the company’s stock worth $10,029,000 after buying an additional 126,208 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of NiSource during the second quarter worth about $23,356,000. Candriam Luxembourg S.C.A. bought a new stake in shares of NiSource during the second quarter worth about $14,518,000. Hennessy Advisors Inc. raised its stake in shares of NiSource by 19.4% in the second quarter. Hennessy Advisors Inc. now owns 1,445,131 shares of the company’s stock worth $38,325,000 after buying an additional 235,000 shares during the period. Finally, Reaves W H & Co. Inc. raised its stake in shares of NiSource by 1.2% in the second quarter. Reaves W H & Co. Inc. now owns 1,452,854 shares of the company’s stock worth $38,530,000 after buying an additional 17,842 shares during the period. 82.00% of the stock is owned by hedge funds and other institutional investors.

Shares of NiSource Inc. (NYSE:NI) traded down 0.80% on Thursday, reaching $22.34. 1,806,675 shares of the company traded hands. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 23.74 and a beta of 0.24. NiSource Inc. has a 52-week low of $19.33 and a 52-week high of $26.94. The stock has a 50 day moving average of $22.06 and a 200 day moving average of $23.51.

NiSource (NYSE:NI) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. NiSource had a net margin of 6.87% and a return on equity of 8.76%. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts expect that NiSource Inc. will post $1.07 earnings per share for the current year.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a research note on Thursday, September 22nd. Jefferies Group raised shares of NiSource from an “underperform” rating to a “hold” rating in a research note on Thursday, October 13th. US Capital Advisors raised shares of NiSource from a “hold” rating to a “buy” rating in a research note on Wednesday, November 30th. Guggenheim raised shares of NiSource from a “neutral” rating to a “buy” rating in a research note on Monday, January 9th. Finally, Evercore ISI raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $24.86.

In other NiSource news, Director Michael E. Jesanis bought 12,000 shares of NiSource stock in a transaction that occurred on Monday, January 9th. The stock was acquired at an average price of $22.53 per share, for a total transaction of $270,360.00. Following the completion of the acquisition, the director now owns 26,725 shares of the company’s stock, valued at approximately $602,114.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Pablo Vegas bought 21,541 shares of NiSource stock in a transaction that occurred on Wednesday, November 16th. The shares were acquired at an average price of $21.75 per share, with a total value of $468,516.75. Following the acquisition, the executive vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $1,552,884.75. The disclosure for this purchase can be found here. 0.32% of the stock is owned by corporate insiders.

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 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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