NiSource Inc. (NYSE:NI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in NiSource Inc. (NYSE:NI) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,914,196 shares of the utilities provider’s stock after acquiring an additional 19,008 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in NiSource were worth $135,627,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of NiSource during the third quarter worth about $32,162,000. Moran Wealth Management LLC purchased a new position in NiSource in the third quarter worth approximately $3,068,000. Jennison Associates LLC grew its holdings in NiSource by 3.0% during the 3rd quarter. Jennison Associates LLC now owns 10,823,095 shares of the utilities provider’s stock worth $375,020,000 after acquiring an additional 316,225 shares in the last quarter. Commerce Bank increased its position in shares of NiSource by 10.0% in the 3rd quarter. Commerce Bank now owns 11,012 shares of the utilities provider’s stock valued at $382,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Premier Fund Managers Ltd acquired a new stake in shares of NiSource in the 3rd quarter valued at $3,180,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NYSE NI opened at $37.71 on Monday. 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 stock has a market cap of $17.60 billion, a P/E ratio of 22.85, a P/E/G ratio of 3.15 and a beta of 0.51. The stock has a 50 day moving average of $35.04 and a two-hundred day moving average of $31.95. NiSource Inc. has a twelve month low of $24.80 and a twelve month high of $38.07.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $986.00 million. During the same quarter in the prior year, the firm earned $0.19 EPS. NiSource’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, research analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on NI shares. Wells Fargo & Company increased their target price on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Bank of America began coverage on NiSource in a report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective on the stock. Evercore ISI boosted their target price on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets increased their price target on shares of NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, NiSource has an average 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.