Nisource (NI) Shareholder Reinhart Partners Cut Holding by $6.39 Million as Market Value Rose; Wells Fargo & Co New (WFC) Stake Maintained by Hirtle Callaghan & Co Llc

January 17, 2018 - By Migdalia James

Hirtle Callaghan & Co Llc increased its stake in Wells Fargo & Co New (WFC) by 4449.15% based on its latest 2017Q3 regulatory filing with the SEC. Hirtle Callaghan & Co Llc bought 42,000 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 42,944 shares of the major banks company at the end of 2017Q3, valued at $2.37M, up from 944 at the end of the previous reported quarter. Hirtle Callaghan & Co Llc who had been investing in Wells Fargo & Co New for a number of months, seems to be bullish on the $309.81 billion market cap company. The stock increased 0.66% or $0.415 during the last trading session, reaching $62.915. About 6.73M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 17, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Reinhart Partners Inc decreased its stake in Nisource Inc (NI) by 30.52% based on its latest 2017Q3 regulatory filing with the SEC. Reinhart Partners Inc sold 255,435 shares as the company’s stock rose 8.81% with the market. The institutional investor held 581,627 shares of the public utilities company at the end of 2017Q3, valued at $14.88M, down from 837,062 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Nisource Inc for a number of months, seems to be less bullish one the $8.14 billion market cap company. The stock increased 0.62% or $0.15 during the last trading session, reaching $24.18. About 699,242 shares traded. NiSource Inc. (NYSE:NI) has risen 5.02% since January 17, 2017 and is uptrending. It has underperformed by 11.68% the S&P500.

Among 14 analysts covering Nisource Inc. (NYSE:NI), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Nisource Inc. had 30 analyst reports since August 20, 2015 according to SRatingsIntel. As per Tuesday, March 29, the company rating was downgraded by JP Morgan. Jefferies maintained the shares of NI in report on Thursday, September 7 with “Hold” rating. Jefferies maintained NiSource Inc. (NYSE:NI) rating on Monday, October 16. Jefferies has “Hold” rating and $24.0 target. The stock of NiSource Inc. (NYSE:NI) earned “Neutral” rating by Credit Suisse on Tuesday, October 13. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of NiSource Inc. (NYSE:NI) earned “Hold” rating by US Capital Advisors on Monday, May 29. The rating was upgraded by Credit Suisse on Monday, August 14 to “Outperform”. Goldman Sachs upgraded the shares of NI in report on Wednesday, January 10 to “Buy” rating. The rating was maintained by Jefferies with “Hold” on Monday, April 3. The stock of NiSource Inc. (NYSE:NI) earned “Neutral” rating by Goldman Sachs on Thursday, December 15.

Reinhart Partners Inc, which manages about $4.85 billion and $947.17 million US Long portfolio, upped its stake in Insperity Inc Com (NYSE:NSP) by 12,440 shares to 41,330 shares, valued at $3.64M in 2017Q3, according to the filing. It also increased its holding in Sonic Corp Com (NASDAQ:SONC) by 43,850 shares in the quarter, for a total of 116,860 shares, and has risen its stake in Interpublic Group (NYSE:IPG).

Investors sentiment increased to 1.35 in 2017 Q3. Its up 0.36, from 0.99 in 2017Q2. It improved, as 25 investors sold NI shares while 117 reduced holdings. 45 funds opened positions while 147 raised stakes. 269.00 million shares or 3.95% more from 258.78 million shares in 2017Q2 were reported. Wealthtrust has 211 shares. State Teachers Retirement Systems holds 0.03% or 529,347 shares in its portfolio. Ngam Advisors LP holds 0.02% of its portfolio in NiSource Inc. (NYSE:NI) for 65,558 shares. Wealth Enhancement Advisory Serv Ltd Liability Com owns 57,720 shares. Macquarie Limited holds 0% or 103,900 shares in its portfolio. Cibc Asset Mgmt Incorporated has 31,220 shares for 0.01% of their portfolio. Tower Cap Ltd Llc (Trc) holds 188 shares. Moreover, State Of Alaska Department Of Revenue has 0.06% invested in NiSource Inc. (NYSE:NI). Baldwin Brothers Ma accumulated 175 shares or 0% of the stock. Guardian Life Insurance Of America invested in 0% or 755 shares. Arizona State Retirement System holds 213,164 shares. Icon Advisers Co reported 85,700 shares. Massachusetts Fincl Serv Ma holds 0.02% or 2.23 million shares. The Ontario – Canada-based Tdam Usa has invested 0.03% in NiSource Inc. (NYSE:NI). Zacks Invest invested 0.1% in NiSource Inc. (NYSE:NI).

Analysts await NiSource Inc. (NYSE:NI) to report earnings on February, 28. They expect $0.31 earnings per share, down 6.06% or $0.02 from last year’s $0.33 per share. NI’s profit will be $104.41 million for 19.50 P/E if the $0.31 EPS becomes a reality. After $0.07 actual earnings per share reported by NiSource Inc. for the previous quarter, Wall Street now forecasts 342.86% EPS growth.

Hirtle Callaghan & Co Llc, which manages about $24.08B and $1.01 billion US Long portfolio, decreased its stake in Ishares Msci Emerging Mkts (EEM) by 18,870 shares to 2.71 million shares, valued at $121.55 million in 2017Q3, according to the filing.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 117 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, October 6, the company rating was maintained by Robert W. Baird. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Evercore on Tuesday, September 8. The rating was maintained by Susquehanna on Thursday, January 4 with “Hold”. On Wednesday, January 18 the stock rating was downgraded by Argus Research to “Hold”. On Thursday, December 7 the stock rating was upgraded by Vertical Group to “Buy”. Argus Research maintained it with “Buy” rating and $58.0 target in Tuesday, January 19 report. The stock has “Outperform” rating by Keefe Bruyette & Woods on Wednesday, April 5. Evercore maintained the stock with “Outperform” rating in Wednesday, April 12 report. As per Tuesday, January 19, the company rating was maintained by Compass Point. The firm has “Neutral” rating by Atlantic Securities given on Wednesday, January 10.

Investors sentiment decreased to 0.73 in Q3 2017. Its down 0.15, from 0.88 in 2017Q2. It turned negative, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Ami Invest Management owns 148,486 shares for 5.11% of their portfolio. Meiji Yasuda Life Ins accumulated 126,964 shares or 1.03% of the stock. Cadinha And Lc holds 34,591 shares. Pring Turner Capital Inc owns 54,639 shares. Wade G W And Inc has 1.36% invested in Wells Fargo & Company (NYSE:WFC). Johnson Invest Counsel Inc has 0.11% invested in Wells Fargo & Company (NYSE:WFC). Moreover, Grp One Trading Ltd Partnership has 0.05% invested in Wells Fargo & Company (NYSE:WFC). 14,537 were accumulated by Fairview Inv Mngmt Limited. First Mercantile Trust owns 13,700 shares for 0.14% of their portfolio. Cap Wealth Planning Ltd has invested 0.58% of its portfolio in Wells Fargo & Company (NYSE:WFC). Goldstein Munger & holds 0.12% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 4,900 shares. Moreover, Brighton Jones Lc has 0.37% invested in Wells Fargo & Company (NYSE:WFC) for 52,025 shares. Rhumbline Advisers accumulated 7.88M shares or 0.94% of the stock. Bokf Na accumulated 367,007 shares or 0.59% of the stock. Delphi Mgmt Ma has invested 1.33% in Wells Fargo & Company (NYSE:WFC).

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