Brookstone Capital Management Lowers Position in NiSource Inc. (NYSE:NI)

Brookstone Capital Management cut its position in shares of NiSource Inc. (NYSE:NI) by 6.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 313,667 shares of the utilities provider’s stock after selling 20,534 shares during the period. Brookstone Capital Management’s holdings in NiSource were worth $11,530,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. increased its position in shares of NiSource by 2.1% during the 3rd quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider’s stock valued at $531,000 after purchasing an additional 309 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of NiSource by 12.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 369 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of NiSource by 4.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 414 shares during the last quarter. Empirical Finance LLC increased its position in shares of NiSource by 3.2% during the 3rd quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider’s stock valued at $483,000 after purchasing an additional 428 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in shares of NiSource by 1.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 27,046 shares of the utilities provider’s stock valued at $937,000 after purchasing an additional 432 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on NI shares. JPMorgan Chase & Co. increased their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Barclays raised their price target on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group initiated coverage on NiSource in a research report on Monday, October 28th. They set a “buy” rating and a $39.00 price target on the stock. Mizuho lifted their price objective on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Trading Up 0.9 %

NI opened at $36.36 on Tuesday. The stock has a market cap of $16.97 billion, a PE ratio of 22.04, a PEG ratio of 2.84 and a beta of 0.54. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average of $36.65 and a 200-day moving average of $34.03. NiSource Inc. has a 52 week low of $24.80 and a 52 week high of $38.56.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $986.00 million. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.19 earnings per share. Equities research analysts predict 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.