10,056 Shares in NiSource Inc. (NYSE:NI) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in NiSource Inc. (NYSE:NI) during the 3rd quarter, HoldingsChannel reports. The fund purchased 10,056 shares of the utilities provider’s stock, valued at approximately $348,000.

Other large investors have also recently modified their holdings of the company. ING Groep NV purchased a new position in NiSource in the third quarter worth $748,000. Moran Wealth Management LLC bought a new stake in NiSource during the third quarter worth about $3,068,000. TD Asset Management Inc boosted its holdings in shares of NiSource by 8.4% in the 2nd quarter. TD Asset Management Inc now owns 1,865,926 shares of the utilities provider’s stock worth $53,757,000 after purchasing an additional 144,197 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of NiSource during the 3rd quarter valued at about $798,000. Finally, Millennium Management LLC raised its holdings in shares of NiSource by 0.7% during the 2nd quarter. Millennium Management LLC now owns 6,374,053 shares of the utilities provider’s stock valued at $183,636,000 after buying an additional 44,598 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on NI shares. Mizuho upped their target price on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Jefferies Financial Group started coverage on shares of NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 target price on the stock. BMO Capital Markets boosted 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. JPMorgan Chase & Co. raised their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Finally, Barclays boosted their target price on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $37.50.

NiSource Stock Performance

Shares of NYSE:NI opened at $36.35 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 1.17. The company has a 50-day moving average price of $35.98 and a 200-day moving average price of $32.92. The company has a market cap of $16.97 billion, a price-to-earnings ratio of 22.03, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. NiSource Inc. has a 12 month low of $24.80 and a 12 month high of $38.56.

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

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.