Cooper Financial Group Makes New $203,000 Investment in NiSource Inc. (NYSE:NI)

Cooper Financial Group bought a new stake in shares of NiSource Inc. (NYSE:NI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,533 shares of the utilities provider’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new stake in NiSource during the 2nd quarter valued at approximately $25,000. Capital Performance Advisors LLP purchased a new position in shares of NiSource during the 3rd quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of NiSource during the second quarter worth approximately $47,000. Legacy Investment Solutions LLC acquired a new stake in shares of NiSource during the third quarter worth approximately $47,000. Finally, Friedenthal Financial bought a new stake in shares of NiSource in the third quarter worth $50,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Stock Up 1.1 %

Shares of NiSource stock opened at $36.75 on Wednesday. NiSource Inc. has a twelve month low of $24.80 and a twelve month high of $38.56. The stock has a market capitalization of $17.15 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 2.84 and a beta of 0.54. 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 business’s 50 day simple moving average is $36.65 and its 200-day simple moving average is $34.03.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $986.00 million. During the same period last year, the business posted $0.19 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that NiSource Inc. will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

NI has been the subject of several recent analyst reports. 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 price objective for the company. JPMorgan Chase & Co. boosted 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. Mizuho upped their price objective on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company lifted their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays upped their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Company 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.