Rockefeller Capital Management L.P. Buys 35,618 Shares of NiSource Inc. (NYSE:NI)

Rockefeller Capital Management L.P. boosted its stake in shares of NiSource Inc. (NYSE:NI) by 7.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 487,618 shares of the utilities provider’s stock after purchasing an additional 35,618 shares during the period. Rockefeller Capital Management L.P.’s holdings in NiSource were worth $16,894,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC boosted its position in shares of NiSource by 5.4% during the first quarter. Tidal Investments LLC now owns 9,728 shares of the utilities provider’s stock valued at $269,000 after buying an additional 499 shares during the period. Comerica Bank boosted 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 valued at $3,186,000 after buying an additional 42,104 shares during the period. Cetera Investment Advisers boosted its position in shares of NiSource by 424.4% during the first quarter. Cetera Investment Advisers now owns 68,726 shares of the utilities provider’s stock valued at $1,901,000 after buying an additional 55,620 shares during the period. Cetera Advisors LLC boosted its position in shares of NiSource by 57.2% during the first quarter. Cetera Advisors LLC now owns 11,882 shares of the utilities provider’s stock valued at $329,000 after buying an additional 4,324 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of NiSource by 1.1% during the first quarter. DekaBank Deutsche Girozentrale now owns 177,300 shares of the utilities provider’s stock valued at $4,827,000 after buying an additional 1,972 shares during the period. 91.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NI. Barclays boosted their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Bank of America began coverage on NiSource in a report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price target for the company. JPMorgan Chase & Co. boosted their price target on NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, BMO Capital Markets boosted their price target on NiSource from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Stock Performance

Shares of NYSE:NI opened at $38.09 on Monday. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.17 and a beta of 0.51. NiSource Inc. has a 52 week low of $24.80 and a 52 week high of $38.56. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a 50 day moving average of $35.45 and a 200 day moving average of $32.25.

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

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.