NiSource Inc. (NYSE:NI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in NiSource Inc. (NYSE:NI) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,472 shares of the utilities provider’s stock after selling 2,248 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NiSource were worth $2,962,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MCF Advisors LLC acquired a new stake in shares of NiSource during the second quarter worth $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in NiSource during the second quarter worth about $25,000. Capital Performance Advisors LLP purchased a new stake in shares of NiSource during the 3rd quarter worth approximately $33,000. Family Firm Inc. acquired a new stake in NiSource in the second quarter valued at $43,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in NiSource in the 2nd quarter valued at about $47,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NI shares. Bank of America started coverage on shares of NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Mizuho increased their price objective on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Evercore ISI boosted their target price 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. Finally, Jefferies Financial Group began coverage on shares of NiSource in a research note on Monday, October 28th. They set a “buy” rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Stock Down 0.4 %

NI opened at $37.71 on Friday. NiSource Inc. has a 12 month low of $24.80 and a 12 month high of $38.07. The business has a 50-day moving average of $35.04 and a two-hundred day moving average of $31.92. 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 stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 3.15 and a beta of 0.51.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. The firm had revenue of $1.08 billion during 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%. NiSource’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, research analysts expect that NiSource Inc. will post 1.73 earnings per share for the current year.

About NiSource

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.