NiSource Inc. (NYSE:NI) Shares Sold by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC lowered its stake in shares of NiSource Inc. (NYSE:NI) by 8.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,625 shares of the utilities provider’s stock after selling 355 shares during the quarter. Frazier Financial Advisors LLC’s holdings in NiSource were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its position in shares of NiSource by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider’s stock worth $12,144,000 after acquiring an additional 29,055 shares during the last quarter. California State Teachers Retirement System grew its position in shares of NiSource by 3.5% during the first quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider’s stock worth $16,551,000 after acquiring an additional 20,060 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of NiSource by 631.2% during the first quarter. UniSuper Management Pty Ltd now owns 38,946 shares of the utilities provider’s stock worth $1,077,000 after acquiring an additional 33,620 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of NiSource during the first quarter worth approximately $487,000. Finally, Comerica Bank grew its position in shares of NiSource by 57.6% during the first quarter. Comerica Bank now owns 115,176 shares of the utilities provider’s stock worth $3,186,000 after acquiring an additional 42,104 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

NI has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. Evercore ISI boosted their price objective on shares of NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Jefferies Financial Group began coverage on shares of NiSource in a research note on Monday, October 28th. They issued a “buy” rating and a $39.00 price objective on the stock. 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 research note on Wednesday, October 23rd. Finally, Bank of America began coverage on shares of NiSource in a research note on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective on the stock. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.50.

NiSource Stock Performance

NYSE:NI opened at $36.57 on Friday. 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 Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $36.74. The stock has a market cap of $17.07 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 3.04 and a beta of 0.51. The firm’s fifty day simple moving average is $34.67 and its 200-day simple moving average is $31.62.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, topping the consensus estimate 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 in the previous year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts expect that NiSource Inc. will post 1.73 earnings per share for the current fiscal year.

NiSource 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.