NiSource Inc. (NYSE:NI) CFO Donald Eugene Brown sold 2,400 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $26.18, for a total transaction of $62,832.00. Following the transaction, the chief financial officer now owns 46,767 shares of the company’s stock, valued at approximately $1,224,360.06. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NYSE NI traded up $0.20 during trading hours on Friday, reaching $26.16. The company’s stock had a trading volume of 3,057,783 shares, compared to its average volume of 3,670,073. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 3.71 and a beta of 0.12. NiSource Inc. has a fifty-two week low of $22.44 and a fifty-two week high of $28.11. The company has a current ratio of 0.40, a quick ratio of 0.26 and a debt-to-equity ratio of 1.52.

NiSource (NYSE:NI) last issued its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The firm had revenue of $895.00 million for the quarter, compared to analysts’ expectations of $946.10 million. NiSource had a negative net margin of 1.82% and a positive return on equity of 9.30%. During the same period in the prior year, the company earned $0.07 EPS. As a group, research analysts expect that NiSource Inc. will post 1.29 earnings per share for the current year.

NI has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of NiSource from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. KeyCorp upped their price target on shares of NiSource from $26.00 to $27.00 and gave the stock a “$26.15” rating in a research note on Thursday, July 19th. Guggenheim reaffirmed a “buy” rating and set a $28.00 price target on shares of NiSource in a research note on Monday, July 23rd. Evercore ISI cut shares of NiSource from an “in-line” rating to an “underperform” rating in a research note on Friday, September 14th. Finally, ValuEngine cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Friday, September 14th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.27.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Piedmont Investment Advisors LLC acquired a new stake in NiSource in the 2nd quarter valued at about $104,000. Tower Research Capital LLC TRC acquired a new stake in NiSource in the 2nd quarter valued at about $105,000. Advisors Asset Management Inc. acquired a new stake in NiSource in the 2nd quarter valued at about $110,000. Chicago Partners Investment Group LLC grew its stake in NiSource by 114.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 4,444 shares of the utilities provider’s stock valued at $115,000 after acquiring an additional 2,369 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in NiSource by 286.6% in the 2nd quarter. Parallel Advisors LLC now owns 4,701 shares of the utilities provider’s stock valued at $123,000 after acquiring an additional 3,485 shares during the last quarter. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

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NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

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