NiSource Inc shares had a trading volume of 4,530K on Tuesday. Overall, volume was up 106.55% over the stocks normal daily volume.
Short traders are more bearish on the company if you consider the increase in short interest. The company realized a rise in short interest between September 29, 2017 and October 13, 2017 of 1.60%. Short interest increased from 3,664,748 to 3,723,215 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares was inf% on October 13.
There has been some selling insider activity on NiSource Inc (NYSE:NI) recently. EVP Safety Capital & Tech Srvc Michael J. Finissi sold 900 shares at an average price of $27.37 on Fri the 3rd. That brings the EVP Safety Capital & Tech Srvc’s holdings to $1,369,878 as recorded in a recent Form 4 SEC filing.
These firms have modified their investment in NI. As of quarter end Baird Financial Group, Inc. had acquired a total of 14,805 shares growing its stake by 47.3%. The value of the company’s investment in NiSource Inc increased from $793,000 to $1,179,000 a change of $386,000 since the last quarter. As of the end of the quarter Eagle Boston Investment Management Inc had bought 14,244 shares growing its holdings by 39.9%. The value of the investment in NI went from $905,000 to $1,274,000 a change of 40.8% quarter to quarter.
As of the end of the quarter Raymond James & Associates had acquired 291 shares growing its position 0.4%. The value of the investment in (NI) increased from $1,952,000 to $1,977,000 increasing 1.3% for the reporting period. RBO & CO LLC trimmed its holdings by selling 2,645 shares a decrease of 1.0% in the quarter. RBO & CO LLC controls 268,899 shares with a value of $6,881,000. The value of the position overall is down by 0.1%.
Credit Suisse Group raised the price target on November 2 changing the price objective from $29.00 to $30.00 and issued a “Outperform” rating. On October 20 KeyCorp maintained a stock rating of “Buy” targeting a price of $29.50.
Equity analyst J P Morgan Chase & Co raised the price target of the stock on October 12 changing the forecast from $25.00 to $27.00 and stated a “Neutral” rating. September 1 investment analysts at KeyCorp made no change to the company rating of “Buy” projecting a price of $29.50.
Wells Fargo & Company released guidance on NI by announcing an initial rating of “Outperform”.
The company is now unchanged from yesterday’s close of .
NiSource Inc., launched on March 29, 2000, is an energy holding company. The Company is involved in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts. As of December 31, 2016, the Electric Operations segment provided electric services in 20 counties in the northern part of Indiana. The Business’s principal subsidiaries include NiSource Gas Distribution Group, Inc., which is a natural gas distribution holding company, and NIPSCO, which is a gas and electric company. NiSource Finance Corporation (NiSource Finance) is a consolidated finance subsidiary of the Company. NiSource Finance is involved in financing activities to raise funds for the business operations of the Company and its subsidiaries..