November 28, 2016 - By Vivian Park · 0 Comments
Nisource Inc (NYSE:NI) institutional sentiment decreased to 1.2 in 2016 Q2. Its down -0.06, from 1.26 in 2016Q1. The ratio is negative, as 209 investment managers started new or increased positions, while 166 trimmed and sold equity positions in Nisource Inc. The investment managers in our partner’s database now hold: 259.91 million shares, down from 266.31 million shares in 2016Q1. Also, the number of investment managers holding Nisource Inc in their top 10 positions decreased from 5 to 3 for a decrease of 2. Sold All: 45 Reduced: 121 Increased: 141 New Position: 68.
NiSource Inc. is an energy holding company. The company has a market cap of $7.31 billion. The Firm is engaged in the distribution of natural gas. It has a 23.4 P/E ratio. The Firm operates through two business divisions: Gas Distribution Operations and Electric Operations.
About 1.01M shares traded hands. NiSource Inc. (NYSE:NI) has declined 0.85% since April 25, 2016 and is downtrending. It has underperformed by 6.86% the S&P500.
Analysts await NiSource Inc. (NYSE:NI) to report earnings on February, 16. They expect $0.34 EPS, up 9.68% or $0.03 from last year’s $0.31 per share. NI’s profit will be $112.31 million for 16.27 P/E if the $0.34 EPS becomes a reality. After $0.06 actual EPS reported by NiSource Inc. for the previous quarter, Wall Street now forecasts 466.67% EPS growth.
According to Zacks Investment Research, “NiSource Inc. is one of the largest fully-regulated utility companies in the United States, serving approximately 3.5 million natural gas customers and 500,000 electric customers across seven states through its local Columbia Gas and NIPSCO brands. Based in Merrillville, Indiana, NiSource’s more than 7,000 employees are focused on safely delivering reliable and affordable energy to their customers and communities they serve. NiSource has been designated a World’s Most Ethical Company by the Ethisphere Institute since 2012 and is a member of the Dow Jones Sustainability – North America Index.”
Longbow Capital Partners L.P. holds 12.17% of its portfolio in NiSource Inc. for 20,584 shares. Contravisory Investment Management Inc. owns 376,048 shares or 3.06% of their US portfolio. Moreover, Dorsey Wright & Associates has 2.03% invested in the company for 143,972 shares. The California-based Denali Advisors Llc has invested 1.96% in the stock. Reaves W H & Co Inc, a New Jersey-based fund reported 1.45 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buy, and 1 insider sale for $440,018 net activity.
Ratings analysis reveals 0 of Nisource Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Nisource Inc., 0 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $18 while the high is $27. The stock’s average target of $24 is 8.45% above today’s ($22.13) share price. NI was included in 12 notes of analysts from August 20, 2015. As per Thursday, October 13, the company rating was upgraded by Jefferies. As per Friday, March 18, the company rating was maintained by Barclays Capital. As per Monday, April 25, the company rating was initiated by Evercore. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. On Wednesday, November 2 the stock rating was upgraded by Evercore to “Hold”. On Friday, July 8 the stock rating was downgraded by UBS to “Neutral”. The rating was downgraded by JP Morgan on Tuesday, March 29 to “Neutral”. The firm has “Hold” rating by Argus Research given on Tuesday, September 15. The firm has “Neutral” rating by Credit Suisse given on Tuesday, October 13. On Friday, August 19 the stock rating was downgraded by Credit Suisse to “Underperform”.
NiSource Inc., incorporated on March 29, 2000, is an energy holding company. The Firm is engaged in the distribution of natural gas. The Firm operates through two business divisions: Gas Distribution Operations, which provides natural gas service and transportation services, and Electric Operations, which provides electric services. The Company’s principal subsidiaries include NiSource Gas Distribution Group, Inc., a natural gas distribution holding company, and NIPSCO, a gas and electric company. NiSource Finance Corporation (NiSource Finance) is a consolidated finance subsidiary of the Company. NiSource Finance is engaged in financing activities to raise funds for the business of the firm and its subsidiaries.
Another recent and important NiSource Inc. (NYSE:NI) news was published by Prnewswire.com which published an article titled: “NiSource Reports Third Quarter 2016 Earnings” on November 01, 2016.
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By Vivian Park