Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of NiSource, Inc (NYSE:NI) by 80.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,199 shares of the utilities provider’s stock after purchasing an additional 48,165 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NiSource were worth $2,769,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its position in shares of NiSource by 13.5% during the third quarter. Pacer Advisors Inc. now owns 54,334 shares of the utilities provider’s stock worth $1,390,000 after purchasing an additional 6,443 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of NiSource by 20.1% in the 3rd quarter. Stephens Inc. AR now owns 14,158 shares of the utilities provider’s stock valued at $362,000 after acquiring an additional 2,370 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of NiSource in the 3rd quarter valued at $1,008,000. Cipher Capital LP increased its holdings in shares of NiSource by 141.0% in the 3rd quarter. Cipher Capital LP now owns 130,011 shares of the utilities provider’s stock valued at $3,327,000 after acquiring an additional 76,070 shares during the period. Finally, Ameriprise Financial Inc. increased its holdings in shares of NiSource by 3.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,052,227 shares of the utilities provider’s stock valued at $52,516,000 after acquiring an additional 71,131 shares during the period. 82.23% of the stock is owned by hedge funds and other institutional investors.

Shares of NiSource, Inc (NYSE NI) traded down $0.20 during mid-day trading on Friday, reaching $27.33. The company had a trading volume of 2,808,754 shares, compared to its average volume of 2,535,437. NiSource, Inc has a 1 year low of $21.31 and a 1 year high of $27.76. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. The stock has a market cap of $9,160.79, a P/E ratio of 23.65, a price-to-earnings-growth ratio of 4.02 and a beta of 0.37.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The firm had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. During the same period in the previous year, the business earned $0.06 EPS. sell-side analysts predict that NiSource, Inc will post 1.19 EPS for the current year.

NI has been the topic of a number of analyst reports. Citigroup lifted their price target on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 20th. KeyCorp reiterated a “buy” rating and issued a $29.50 price target on shares of NiSource in a report on Friday, October 20th. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Monday, October 2nd. J P Morgan Chase & Co lifted their price target on NiSource from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Finally, Credit Suisse Group boosted their target price on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.23.

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NiSource Company Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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