International Private Wealth Advisors LLC Sells 804 Shares of NiSource Inc. (NYSE:NI)

International Private Wealth Advisors LLC cut its stake in NiSource Inc. (NYSE:NI) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,981 shares of the utilities provider’s stock after selling 804 shares during the period. International Private Wealth Advisors LLC’s holdings in NiSource were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MCF Advisors LLC acquired a new stake in shares of NiSource during the 2nd quarter worth approximately $25,000. Ashton Thomas Private Wealth LLC acquired a new position in NiSource during the second quarter valued at approximately $25,000. Crewe Advisors LLC acquired a new position in NiSource during the first quarter valued at approximately $31,000. Capital Performance Advisors LLP acquired a new position in NiSource during the third quarter valued at approximately $33,000. Finally, Family Firm Inc. acquired a new position in NiSource during the second quarter valued at approximately $43,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Up 0.2 %

Shares of NI stock traded up $0.08 during trading on Thursday, reaching $36.33. The company’s stock had a trading volume of 276,307 shares, compared to its average volume of 4,025,515. The business has a fifty day moving average price of $34.55 and a 200-day moving average price of $31.50. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market cap of $16.96 billion, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 2.99 and a beta of 0.51. NiSource Inc. has a one year low of $24.80 and a one year high of $36.43.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group assumed coverage on shares of NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 price objective for the company. Wells Fargo & Company upped their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price 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.