Janney Montgomery Scott LLC Has $1.35 Million Stock Holdings in NiSource Inc. (NYSE:NI)

Janney Montgomery Scott LLC decreased its position in shares of NiSource Inc. (NYSE:NI) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,081 shares of the utilities provider’s stock after selling 1,124 shares during the period. Janney Montgomery Scott LLC’s holdings in NiSource were worth $1,349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NI. Ladenburg Thalmann Financial Services Inc. boosted its position in NiSource by 2.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,487 shares of the utilities provider’s stock valued at $388,000 after buying an additional 341 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in shares of NiSource by 2.9% during the second quarter. Carroll Financial Associates Inc. now owns 12,053 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 343 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in shares of NiSource by 36.9% during the second quarter. Cornerstone Advisors Inc. now owns 1,303 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 351 shares during the last quarter. US Bancorp DE raised its stake in shares of NiSource by 0.7% during the second quarter. US Bancorp DE now owns 54,191 shares of the utilities provider’s stock valued at $1,560,000 after acquiring an additional 365 shares during the last quarter. Finally, World Asset Management Inc raised its stake in shares of NiSource by 1.6% during the second quarter. World Asset Management Inc now owns 23,895 shares of the utilities provider’s stock valued at $688,000 after acquiring an additional 373 shares during the last quarter. Institutional investors and hedge funds own 92.32% of the company’s stock.

In related news, Director Michael E. Jesanis sold 6,000 shares of NiSource stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $29.01, for a total transaction of $174,060.00. Following the completion of the transaction, the director now owns 32,997 shares of the company’s stock, valued at $957,242.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by company insiders.

Several research firms have recently issued reports on NI. Barclays raised shares of NiSource from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $32.00 to $31.00 in a research note on Thursday, October 31st. Argus raised shares of NiSource from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Wednesday, July 24th. Wolfe Research downgraded shares of NiSource from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 5th. Credit Suisse Group set a $29.00 price target on shares of NiSource and gave the company a “hold” rating in a research note on Friday, November 1st. Finally, ValuEngine downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.11.

Shares of NYSE NI opened at $26.41 on Friday. NiSource Inc. has a twelve month low of $24.36 and a twelve month high of $30.67. The firm has a fifty day simple moving average of $28.61 and a 200 day simple moving average of $28.76. The company has a market capitalization of $10.06 billion, a PE ratio of 20.32, a P/E/G ratio of 3.94 and a beta of 0.22. The company has a quick ratio of 0.28, a current ratio of 0.41 and a debt-to-equity ratio of 1.58.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.00 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). NiSource had a return on equity of 9.70% and a net margin of 9.70%. The firm had revenue of $931.50 million for the quarter, compared to the consensus estimate of $939.83 million. During the same period in the prior year, the business earned $0.10 EPS. As a group, equities analysts expect that NiSource Inc. will post 1.3 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. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

Recommended Story: Why Invest in Dividend Achievers?

Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource Inc. (NYSE:NI).

Institutional Ownership by Quarter for NiSource (NYSE:NI)

Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.