Elevated Capital Advisors LLC Sells 1,666 Shares of NiSource Inc. (NYSE:NI)

Elevated Capital Advisors LLC cut its holdings in shares of NiSource Inc. (NYSE:NI) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,436 shares of the utilities provider’s stock after selling 1,666 shares during the period. Elevated Capital Advisors LLC’s holdings in NiSource were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. QRG Capital Management Inc. grew its position in shares of NiSource by 2.1% during the 3rd quarter. QRG Capital Management Inc. now owns 15,334 shares of the utilities provider’s stock worth $531,000 after buying an additional 309 shares during the period. Farther Finance Advisors LLC grew its holdings in NiSource by 12.0% during the third quarter. Farther Finance Advisors LLC now owns 3,442 shares of the utilities provider’s stock valued at $119,000 after purchasing an additional 369 shares during the period. Coldstream Capital Management Inc. increased its stake in NiSource by 4.1% in the third quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 414 shares in the last quarter. Empirical Finance LLC raised its holdings in NiSource by 3.2% in the third quarter. Empirical Finance LLC now owns 13,926 shares of the utilities provider’s stock worth $483,000 after purchasing an additional 428 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its position in shares of NiSource by 1.6% during the third quarter. Orion Portfolio Solutions LLC now owns 27,046 shares of the utilities provider’s stock worth $937,000 after purchasing an additional 432 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Up 0.9 %

Shares of NiSource stock traded up $0.33 during trading hours on Monday, reaching $36.36. 3,578,754 shares of the company’s stock were exchanged, compared to its average volume of 3,262,211. 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 of $36.61 and a two-hundred day moving average of $33.97. The stock has a market cap of $16.97 billion, a P/E ratio of 22.04, a P/E/G ratio of 2.84 and a beta of 0.54. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.56.

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

Analysts Set New Price Targets

NI has been the subject of a number of recent analyst reports. Barclays raised their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. lifted their price objective on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Jefferies Financial Group began coverage on NiSource in a research note on Monday, October 28th. They set a “buy” rating and a $39.00 target price for the company. Mizuho lifted their price target on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.