My Legacy Advisors LLC Boosts Holdings in NiSource Inc. (NYSE:NI)

My Legacy Advisors LLC grew its position in NiSource Inc. (NYSE:NI) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,190 shares of the utilities provider’s stock after purchasing an additional 870 shares during the quarter. My Legacy Advisors LLC’s holdings in NiSource were worth $782,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Brooklyn Investment Group grew its stake in NiSource by 153.2% during the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider’s stock worth $32,000 after buying an additional 527 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of NiSource during the third quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of NiSource during the second quarter valued at about $47,000. Legacy Investment Solutions LLC purchased a new position in shares of NiSource in the 3rd quarter valued at approximately $47,000. Finally, Friedenthal Financial acquired a new stake in NiSource in the 3rd quarter worth approximately $50,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Up 0.3 %

NiSource stock opened at $38.13 on Friday. The business’s 50-day moving average price is $36.82 and its 200 day moving average price is $34.23. 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 firm has a market cap of $17.80 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. NiSource Inc. has a 52 week low of $24.80 and a 52 week high of $38.56.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $986.00 million. During the same quarter last year, the company earned $0.19 EPS. The business’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts anticipate that NiSource Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NI shares. 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. Wells Fargo & Company raised their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays boosted their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised their price objective on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group assumed coverage on NiSource in a research report on Monday, October 28th. They issued a “buy” rating and a $39.00 target price on the stock. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.

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.