Hanlon Investment Management buys $6,587,006 stake in NiSource (NI)

NiSource (NI) : Hanlon Investment Management scooped up 45,005 additional shares in NiSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 259,945 shares of NiSource which is valued at $6,587,006.NiSource makes up approximately 0.56% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Parkside Financial Bank Trust added NI to its portfolio by purchasing 9 company shares during the most recent quarter which is valued at $228. Herndon Capital Management added NI to its portfolio by purchasing 30 company shares during the most recent quarter which is valued at $770.Denali Advisors boosted its stake in NI in the latest quarter, The investment management firm added 393,500 additional shares and now holds a total of 428,400 shares of NiSource which is valued at $11,194,092. NiSource makes up approx 1.87% of Denali Advisors’s portfolio. Nn Investment Partners Holdings N.v. added NI to its portfolio by purchasing 2,900 company shares during the most recent quarter which is valued at $75,574.

NiSource closed down -0.04 points or -0.16% at $24.81 with 26,49,301 shares getting traded on Monday. Post opening the session at $24.92, the shares hit an intraday low of $24.77 and an intraday high of $25.245 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, NiSource reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07.Analysts expectations of $ 1044.40.During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on NiSource. NiSource was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016. Company shares were Downgraded by UBS on Jul 8, 2016 to ” Neutral”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .

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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