Legacy Investment Solutions LLC Purchases Shares of 1,293 NiSource Inc. (NYSE:NI)

Legacy Investment Solutions LLC acquired a new position in shares of NiSource Inc. (NYSE:NI) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,293 shares of the utilities provider’s stock, valued at approximately $47,000.

A number of other large investors have also modified their holdings of the stock. Ashton Thomas Private Wealth LLC purchased a new position in NiSource in the second quarter valued at $25,000. MCF Advisors LLC acquired a new stake in NiSource in the 2nd quarter valued at about $25,000. Capital Performance Advisors LLP purchased a new position in shares of NiSource in the 3rd quarter valued at about $33,000. Friedenthal Financial acquired a new position in shares of NiSource during the third quarter worth about $50,000. Finally, Family Firm Inc. purchased a new stake in shares of NiSource during the second quarter worth approximately $43,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 0.6 %

NI opened at $37.06 on Friday. The stock has a market capitalization of $17.30 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 3.10 and a beta of 0.53. NiSource Inc. has a one year low of $24.80 and a one year high of $38.56. The business’s 50-day simple moving average is $35.75 and its 200-day simple moving average is $32.53. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. During the same period last year, the firm posted $0.19 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts anticipate that NiSource Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on NI shares. BMO Capital Markets lifted their price target on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Barclays increased their target price on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised their price target on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho upped their price objective on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Bank of America started coverage on NiSource in a research report on Thursday, September 12th. They set a “buy” rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average price target of $37.50.

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.