Allianz Asset Management GmbH grew its position in shares of NiSource Inc. (NYSE:NI) by 19.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,961 shares of the utilities provider’s stock after acquiring an additional 12,994 shares during the quarter. Allianz Asset Management GmbH’s holdings in NiSource were worth $2,053,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NI. Raymond James Financial Services Advisors Inc. boosted its position in NiSource by 193.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 33,124 shares of the utilities provider’s stock worth $848,000 after acquiring an additional 21,837 shares during the last quarter. Principal Financial Group Inc. boosted its position in NiSource by 2.4% during the 3rd quarter. Principal Financial Group Inc. now owns 514,578 shares of the utilities provider’s stock worth $13,168,000 after acquiring an additional 11,876 shares during the last quarter. FDx Advisors Inc. acquired a new stake in shares of NiSource in the 3rd quarter valued at approximately $237,000. Sei Investments Co. boosted its holdings in shares of NiSource by 72.1% in the 3rd quarter. Sei Investments Co. now owns 150,740 shares of the utilities provider’s stock valued at $3,857,000 after buying an additional 63,158 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of NiSource by 2.6% in the 3rd quarter. New York State Common Retirement Fund now owns 688,000 shares of the utilities provider’s stock valued at $17,606,000 after buying an additional 17,500 shares during the last quarter. 86.96% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on the company. KeyCorp reissued a “buy” rating and issued a $25.00 price objective on shares of NiSource in a report on Thursday, March 15th. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a report on Monday, January 29th. JPMorgan Chase & Co. cut their price objective on NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, January 25th. Jefferies Group reissued a “hold” rating and issued a $26.00 price objective on shares of NiSource in a report on Wednesday, December 20th. Finally, Edward Jones raised NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.00.
NiSource (NYSE:NI) last announced its quarterly earnings results on Tuesday, February 20th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. NiSource had a return on equity of 8.90% and a net margin of 2.64%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the firm posted $0.33 EPS. equities research analysts expect that NiSource Inc. will post 1.29 earnings per share for the current fiscal year.
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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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