Aurora Investment Counsel Sells 53,851 Shares of NiSource Inc. (NYSE:NI)

Aurora Investment Counsel lowered its stake in shares of NiSource Inc. (NYSE:NI) by 86.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,738 shares of the utilities provider’s stock after selling 53,851 shares during the quarter. Aurora Investment Counsel’s holdings in NiSource were worth $303,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in NiSource during the second quarter worth $25,000. MCF Advisors LLC bought a new stake in NiSource during the second quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in NiSource during the third quarter worth $33,000. Crewe Advisors LLC bought a new stake in NiSource during the first quarter worth $31,000. Finally, Friedenthal Financial bought a new stake in NiSource during the third quarter worth $50,000. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NI shares. Barclays boosted their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Mizuho boosted 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. Bank of America started coverage on NiSource in a research report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective on the stock. BMO Capital Markets boosted their price objective on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Finally, Wells Fargo & Company boosted 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 given a buy rating to the stock. According to data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average price target of $37.50.

NiSource Stock Up 0.5 %

Shares of NYSE NI opened at $37.30 on Thursday. NiSource Inc. has a one year low of $24.80 and a one year high of $37.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. The business’s fifty day moving average price is $34.89 and its 200-day moving average price is $31.80. The stock has a market capitalization of $17.41 billion, a PE ratio of 22.61, a P/E/G ratio of 3.09 and a beta of 0.51.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $986.00 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts anticipate that NiSource Inc. will post 1.73 EPS for the current year.

NiSource 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.