Orion Portfolio Solutions LLC Purchases 432 Shares of NiSource Inc. (NYSE:NI)

Orion Portfolio Solutions LLC grew its holdings in shares of NiSource Inc. (NYSE:NI) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,046 shares of the utilities provider’s stock after purchasing an additional 432 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in NiSource were worth $937,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of NiSource in the second quarter worth about $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in NiSource in the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP bought a new stake in NiSource during the 3rd quarter worth approximately $33,000. Family Firm Inc. purchased a new position in NiSource during the second quarter valued at approximately $43,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of NiSource in the second quarter worth approximately $47,000. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NiSource stock opened at $36.55 on Monday. NiSource Inc. has a 52-week low of $24.80 and a 52-week high of $38.56. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 3.06 and a beta of 0.53. The firm’s fifty day moving average is $35.94 and its 200 day moving average is $32.86. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

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, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.19 EPS. Sell-side analysts forecast that NiSource Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on NI shares. Wells Fargo & Company raised their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 price target on the stock. Bank of America assumed coverage on NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective for the company. BMO Capital Markets lifted their target price on NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Finally, Barclays upped their price target on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Company Profile

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.