Teacher Retirement System of Texas lifted its holdings in NiSource Inc. (NYSE:NI – Get Rating) by 28.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,068 shares of the utilities provider’s stock after purchasing an additional 67,669 shares during the quarter. Teacher Retirement System of Texas owned 0.07% of NiSource worth $7,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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Other hedge funds have also recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in shares of NiSource by 16.3% in the first quarter. Private Advisor Group LLC now owns 18,625 shares of the utilities provider’s stock worth $593,000 after acquiring an additional 2,614 shares during the period. MetLife Investment Management LLC grew its holdings in shares of NiSource by 23.1% in the first quarter. MetLife Investment Management LLC now owns 106,827 shares of the utilities provider’s stock worth $3,397,000 after acquiring an additional 20,064 shares during the period. Cibc World Market Inc. grew its holdings in shares of NiSource by 66.2% in the first quarter. Cibc World Market Inc. now owns 146,548 shares of the utilities provider’s stock worth $4,660,000 after acquiring an additional 58,398 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of NiSource by 29.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,952,676 shares of the utilities provider’s stock worth $62,093,000 after acquiring an additional 447,102 shares during the period. Finally, Vontobel Holding Ltd. bought a new stake in shares of NiSource in the first quarter worth $472,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.
NiSource Stock Performance
NYSE NI opened at $27.21 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.57 and a debt-to-equity ratio of 1.60. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.58 and a beta of 0.46. NiSource Inc. has a twelve month low of $23.78 and a twelve month high of $32.58. The business has a 50-day moving average price of $27.33 and a 200-day moving average price of $27.83.
NiSource (NYSE:NI – Get Rating) last posted its earnings results on Monday, November 7th. The utilities provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $996.60 million. NiSource had a return on equity of 10.27% and a net margin of 12.81%. As a group, equities research analysts predict that NiSource Inc. will post 1.45 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have issued reports on NI. Evercore ISI cut their price target on NiSource to $27.00 in a report on Tuesday, November 15th. StockNews.com began coverage on NiSource in a report on Wednesday, October 12th. They set a “hold” rating for the company. Guggenheim cut their price target on NiSource from $32.00 to $27.00 in a report on Monday, October 24th. Credit Suisse Group raised NiSource from a “neutral” rating to an “outperform” rating and set a $27.00 price target for the company in a report on Wednesday, November 9th. Finally, Wells Fargo & Company boosted their price target on NiSource to $31.00 in a report on Wednesday, December 14th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.86.
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 through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 853,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.
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