Thompson Siegel & Walmsley LLC Decreases Stake in NiSource Inc. (NYSE:NI)

Thompson Siegel & Walmsley LLC cut its stake in shares of NiSource Inc. (NYSE:NI) by 17.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,471,366 shares of the utilities provider’s stock after selling 743,108 shares during the period. NiSource comprises approximately 1.8% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 4th biggest position. Thompson Siegel & Walmsley LLC owned approximately 0.74% of NiSource worth $120,283,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC acquired a new stake in NiSource in the 1st quarter valued at $321,000. UniSuper Management Pty Ltd raised its position in NiSource by 631.2% in the 1st quarter. UniSuper Management Pty Ltd now owns 38,946 shares of the utilities provider’s stock worth $1,077,000 after purchasing an additional 33,620 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in NiSource by 7.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider’s stock valued at $12,144,000 after buying an additional 29,055 shares during the last quarter. Natixis bought a new stake in shares of NiSource in the 1st quarter worth approximately $218,000. Finally, Crewe Advisors LLC bought a new stake in NiSource during the 1st quarter valued at approximately $31,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on NI shares. Evercore ISI increased their target price on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Barclays raised their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. BMO Capital Markets raised their price objective on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Bank of America started coverage on NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price target for the company. Finally, Wells Fargo & Company upped their price objective on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Price Performance

Shares of NI stock opened at $37.30 on Thursday. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $37.31. The stock’s 50-day simple moving average is $34.89 and its 200-day simple moving average is $31.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46. The firm has a market capitalization of $17.41 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.09 and a beta of 0.51.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. As a group, equities analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.