Alethea Capital Management adds NiSource (NI) to its portfolio

NiSource (NI) : Alethea Capital Management added new position in NiSource during the most recent quarter end. The investment management firm now holds 118,836 shares of NiSource which is valued at $2,866,324 , the company said in a statement filed on May 10, 2016 with the SEC.NiSource makes up approximately 3.31% of Alethea Capital Management’s portfolio.

Other Hedge Funds, Including , Blackrock Fund Advisors boosted its stake in NI in the latest quarter, The investment management firm added 287,930 additional shares and now holds a total of 7,201,734 shares of NiSource which is valued at $173,705,824. NiSource makes up approx 0.04% of Blackrock Fund Advisors’s portfolio.Teachers Advisors Inc boosted its stake in NI in the latest quarter, The investment management firm added 333,143 additional shares and now holds a total of 1,905,335 shares of NiSource which is valued at $44,603,892. NiSource makes up approx 0.08% of Teachers Advisors Inc’s portfolio. Amica Retiree Medical Trust sold out all of its stake in NI during the most recent quarter. The investment firm sold 2,087 shares of NI which is valued $48,857.Td Asset Management Inc reduced its stake in NI by selling 9,832 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 133,857 shares of NI which is valued at $3,133,592. NiSource makes up approx 0.01% of Td Asset Management Inc’s portfolio. Conning added NI to its portfolio by purchasing 10,456 company shares during the most recent quarter which is valued at $237,456. NiSource makes up approx 0.01% of Conning’s portfolio.

NiSource opened for trading at $24.12 and hit $24.305 on the upside on Monday, eventually ending the session at $24.3, with a gain of 0.75% or 0.18 points. The heightened volatility saw the trading volume jump to 30,84,714 shares. Company has a market cap of $7,814 M.

On the company’s financial health, NiSource reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.57. The company had revenue of $957.30 million for the quarter, compared to analysts expectations of $1920.53 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on NiSource. JP Morgan Downgraded NiSource on Mar 29, 2016 to ” Neutral”, Price Target of the shares are set at $24.

NiSource Inc. (NiSource) is an energy holding company. The Company through its subsidiaries provides natural gas electricity and other products and services. It is also engaged in the distribution of natural gas. The Company’s business segments include: Gas Distribution Operations which provides natural gas service and transportation services for residential commercial and industrial customers in Ohio Pennsylvania Virginia Kentucky Maryland Indiana and Massachusetts; Columbia Pipeline Group Operations which provides gas transportation and storage services for local distribution companies (LDCs) marketers and industrial and commercial customers located in 16 northeastern mid-Atlantic Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions and Electric Operations which provides electric services in approximately 20 counties in the northern part of Indiana.

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