GSA Capital Partners LLP Takes Position in NiSource Inc. (NYSE:NI)

GSA Capital Partners LLP bought a new stake in shares of NiSource Inc. (NYSE:NI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,735 shares of the utilities provider’s stock, valued at approximately $511,000.

Other institutional investors also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of NiSource during the second quarter valued at approximately $25,000. Ashton Thomas Private Wealth LLC bought a new position in NiSource in the 2nd quarter worth approximately $25,000. Crewe Advisors LLC bought a new position in NiSource in the 1st quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new position in NiSource in the 3rd quarter worth approximately $33,000. Finally, Family Firm Inc. bought a new position in NiSource in the 2nd quarter worth approximately $43,000. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NI. Jefferies Financial Group began coverage on NiSource in a report on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Bank of America began coverage on NiSource in a research report on Thursday, September 12th. They issued a “buy” rating and a $37.00 target price for the company. Finally, Evercore ISI upped their target price on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.50.

NiSource Price Performance

Shares of NYSE:NI opened at $37.11 on Wednesday. NiSource Inc. has a one year low of $24.80 and a one year high of $37.17. The stock has a fifty day moving average of $34.81 and a 200-day moving average of $31.76. The company has a market capitalization of $17.32 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46.

NiSource (NYSE:NI) last announced its quarterly earnings data 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 company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $986.00 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate 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.