Time to Reconsider NiSource Inc. (NI) After Achieving Record High?

August 24, 2017 - By Peter Erickson

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.27, from 1.2 in 2016Q3. It worsened, as 51 investors sold NiSource Inc. shares while 141 reduced holdings. 50 funds opened positions while 129 raised stakes. 258.09 million shares or 0.38% less from 259.06 million shares in 2016Q3 were reported.
734,485 were accumulated by First Advsr L P. Enterprise Fincl Svcs Corp reported 636 shares or 0.01% of all its holdings. Moreover, Serv Automobile Association has 0.04% invested in NiSource Inc. (NYSE:NI) for 517,581 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt owns 160,700 shares or 0.03% of their US portfolio. Wellington Gru Ltd Liability Partnership holds 0.01% of its portfolio in NiSource Inc. (NYSE:NI) for 1.69M shares. Fmr Limited Com owns 585,011 shares. 1St Source State Bank stated it has 0.1% in NiSource Inc. (NYSE:NI). Capstone Asset holds 0.03% of its portfolio in NiSource Inc. (NYSE:NI) for 53,935 shares. Zacks Invest Mngmt reported 0.11% of its portfolio in NiSource Inc. (NYSE:NI). James Invest has invested 0.01% in NiSource Inc. (NYSE:NI). Ghp Invest, a Colorado-based fund reported 41,154 shares. 9,697 were reported by Private Advisor Gp Limited Liability Company. Commonwealth Of Pennsylvania School Empls Retrmt Systems reported 18,501 shares or 0.01% of all its holdings. Moreover, Meeder Asset Mngmt has 0.21% invested in NiSource Inc. (NYSE:NI). 6,079 were accumulated by Sandy Spring Commercial Bank.

Since March 10, 2017, it had 0 insider purchases, and 6 sales for $3.05 million activity. 13,000 NiSource Inc. (NYSE:NI) shares with value of $302,640 were sold by Mulpas Joseph W. Another trade for 6,906 shares valued at $176,172 was sold by Brown Donald Eugene. Stanley Jimmie L also sold $899,906 worth of NiSource Inc. (NYSE:NI) on Thursday, May 11. 7,200 shares valued at $180,864 were sold by Vegas Pablo on Tuesday, May 23. 24,000 shares were sold by Hightman Carrie J, worth $558,720 on Friday, March 10. $934,912 worth of stock was sold by Sistovaris Violet on Friday, May 12.

The stock of NiSource Inc. (NYSE:NI) reached all time high today, Aug, 24 and still has $27.99 target or 4.00 % above today’s $26.91 share price. This indicates more upside for the $8.77 billion company. This technical setup was reported by Barchart.com. If the $27.99 PT is reached, the company will be worth $350.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

About 718,185 shares traded. NiSource Inc. (NYSE:NI) has risen 5.02% since August 24, 2016 and is uptrending. It has underperformed by 11.68% the S&P500.

NiSource Inc. (NYSE:NI) Ratings Coverage

Among 13 analysts covering Nisource Inc. (NYSE:NI), 5 have Buy rating, 0 Sell and 8 Hold. Therefore 38% are positive. Nisource Inc. had 22 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was upgraded by Credit Suisse to “Outperform” on Monday, August 14. The firm has “Buy” rating by Guggenheim given on Monday, January 9. On Wednesday, December 14 the stock rating was upgraded by Citigroup to “Buy”. The rating was downgraded by Credit Suisse on Tuesday, June 27 to “Sell”. Evercore upgraded the stock to “Hold” rating in Wednesday, November 2 report. The stock of NiSource Inc. (NYSE:NI) earned “Hold” rating by Argus Research on Tuesday, September 15. The firm earned “Neutral” rating on Tuesday, October 13 by Credit Suisse. The firm has “Neutral” rating given on Wednesday, July 27 by Citigroup. The company was maintained on Friday, March 18 by Barclays Capital. As per Monday, May 29, the company rating was downgraded by US Capital Advisors.

More important recent NiSource Inc. (NYSE:NI) news were published by: Prnewswire.com which released: “NiSource Reports Second Quarter Earnings, Increases 2017 Guidance” on August 02, 2017, also Prnewswire.com published article titled: “NiSource Declares Quarterly Common Dividend”, Nasdaq.com published: “NiSource, Inc (NI) Ex-Dividend Date Scheduled for July 27, 2017” on July 26, 2017. More interesting news about NiSource Inc. (NYSE:NI) was released by: Nasdaq.com and their article: “NiSource Inc. Reports 25% Increase In Q2 Bottom Line” with publication date: August 02, 2017.

NiSource Inc. is an energy holding company. The company has market cap of $8.77 billion. The Firm is engaged in the distribution of natural gas. It has a 31.29 P/E ratio. The Firm operates through two business divisions: Gas Distribution Operations and Electric Operations.

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