International Private Wealth Advisors LLC Sells 804 Shares of NiSource Inc. (NYSE:NI)

International Private Wealth Advisors LLC reduced its position in shares of NiSource Inc. (NYSE:NI) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,981 shares of the utilities provider’s stock after selling 804 shares during the quarter. International Private Wealth Advisors LLC’s holdings in NiSource were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zimmer Partners LP increased its holdings in shares of NiSource by 146.2% in the first quarter. Zimmer Partners LP now owns 8,907,743 shares of the utilities provider’s stock valued at $246,388,000 after purchasing an additional 5,290,322 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of NiSource by 68.1% in the second quarter. Bank of Montreal Can now owns 3,342,831 shares of the utilities provider’s stock valued at $96,407,000 after purchasing an additional 1,353,977 shares during the last quarter. Vaughan David Investments LLC IL acquired a new position in shares of NiSource in the first quarter valued at $34,419,000. Vanguard Group Inc. increased its holdings in shares of NiSource by 1.8% in the first quarter. Vanguard Group Inc. now owns 54,946,594 shares of the utilities provider’s stock valued at $1,519,823,000 after purchasing an additional 991,336 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of NiSource by 118.4% in the second quarter. AQR Capital Management LLC now owns 1,616,189 shares of the utilities provider’s stock valued at $46,449,000 after purchasing an additional 876,033 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Wells Fargo & Company upped their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays upped their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Mizuho upped their price target on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI upped their price target on shares of NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.50.

NiSource Price Performance

NiSource stock traded up $0.08 during trading hours on Thursday, reaching $36.33. 276,307 shares of the stock were exchanged, compared to its average volume of 4,025,515. The company has a market cap of $16.96 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.51. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 1.17. NiSource Inc. has a twelve month low of $24.80 and a twelve month high of $36.43. The stock has a 50 day moving average of $34.55 and a two-hundred day moving average of $31.50.

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, topping analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Equities analysts expect that NiSource Inc. will post 1.73 EPS 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.