Tortoise Capital Advisors Decreased Nisource (NI) Position By $7.64 Million; Ies Holdings (IESC) Shorts Increased By 8.64%

July 31, 2017 - By Adrian Erickson

Ies Holdings Incorporated (NASDAQ:IESC) had an increase of 8.64% in short interest. IESC’s SI was 316,900 shares in July as released by FINRA. Its up 8.64% from 291,700 shares previously. With 47,200 avg volume, 7 days are for Ies Holdings Incorporated (NASDAQ:IESC)’s short sellers to cover IESC’s short positions. The SI to Ies Holdings Incorporated’s float is 3.8%. About 9,899 shares traded. IES Holdings Inc (NASDAQ:IESC) has risen 15.78% since July 31, 2016 and is uptrending. It has underperformed by 0.92% the S&P500.

Tortoise Capital Advisors Llc decreased Nisource Inc (NI) stake by 22.32% reported in 2016Q4 SEC filing. Tortoise Capital Advisors Llc sold 347,239 shares as Nisource Inc (NI)’s stock rose 8.81%. The Tortoise Capital Advisors Llc holds 1.21M shares with $26.76M value, down from 1.56 million last quarter. Nisource Inc now has $8.47B valuation. The stock rose 0.08% or $0.02 reaching $26.09. About 740,347 shares traded. NiSource Inc. (NYSE:NI) has risen 5.02% since July 31, 2016 and is uptrending. It has underperformed by 11.68% the S&P500.

Tortoise Capital Advisors Llc increased Valero Energy Partners Lp (NYSE:VLP) stake by 156,708 shares to 5.11 million valued at $226.34 million in 2016Q4. It also upped Tallgrass Energy Gp Lp stake by 2.22M shares and now owns 3.03M shares. Plains All Amern Pipeline L (NYSE:PAA) was raised too.

Among 12 analysts covering Nisource Inc. (NYSE:NI), 3 have Buy rating, 1 Sell and 8 Hold. Therefore 25% are positive. Nisource Inc. had 20 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse on Tuesday, June 27 to “Sell”. The rating was downgraded by US Capital Advisors to “Hold” on Monday, May 29. Evercore initiated the stock with “Hold” rating in Monday, April 25 report. Evercore upgraded the stock to “Hold” rating in Wednesday, November 2 report. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, October 13 report. The stock has “Hold” rating by Jefferies on Monday, April 3. Goldman Sachs initiated the stock with “Neutral” rating in Thursday, December 15 report. The stock of NiSource Inc. (NYSE:NI) has “Hold” rating given on Thursday, October 13 by Jefferies. Citigroup upgraded the stock to “Buy” rating in Wednesday, December 14 report. The rating was maintained by Citigroup on Wednesday, July 27 with “Neutral”.

Since March 10, 2017, it had 0 buys, and 6 selling transactions for $3.05 million activity. $558,720 worth of NiSource Inc. (NYSE:NI) was sold by Hightman Carrie J. On Friday, March 10 Mulpas Joseph W sold $302,640 worth of NiSource Inc. (NYSE:NI) or 13,000 shares. 38,550 shares were sold by Sistovaris Violet, worth $934,912. 7,200 shares valued at $180,864 were sold by Vegas Pablo on Tuesday, May 23. The insider Stanley Jimmie L sold 37,325 shares worth $899,906. 6,906 NiSource Inc. (NYSE:NI) shares with value of $176,172 were sold by Brown Donald Eugene.

Investors sentiment decreased to 0.93 in Q4 2016. Its down 0.27, from 1.2 in 2016Q3. It turned negative, as 51 investors sold NI 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. Voya Invest Mngmt has invested 0.05% in NiSource Inc. (NYSE:NI). Huntington Bank & Trust invested in 24,106 shares or 0.01% of the stock. Jpmorgan Chase reported 0.05% in NiSource Inc. (NYSE:NI). Hanson Mcclain invested in 0% or 54 shares. Tortoise Lc has 1.21 million shares. Utd Svcs Automobile Association reported 517,581 shares. Schnieders Capital Ltd Liability has invested 0.15% in NiSource Inc. (NYSE:NI). Ibm Retirement Fund holds 0.02% or 25,200 shares. Navellier & Associate reported 12,654 shares stake. Td Asset Mgmt Inc, Ontario – Canada-based fund reported 152,019 shares. Gemmer Asset Mgmt Llc, California-based fund reported 615 shares. Sasco Ct reported 0.03% in NiSource Inc. (NYSE:NI). Advsrs Asset Management has 37,526 shares. 83,049 were accumulated by Us Bancorp De. Amica Pension Fund Board Of Trustees invested 0.03% in NiSource Inc. (NYSE:NI).

Analysts await NiSource Inc. (NYSE:NI) to report earnings on August, 2 before the open. They expect $0.09 EPS, up 12.50% or $0.01 from last year’s $0.08 per share. NI’s profit will be $29.22 million for 72.47 P/E if the $0.09 EPS becomes a reality. After $0.65 actual EPS reported by NiSource Inc. for the previous quarter, Wall Street now forecasts -86.15% negative EPS growth.

IES Holdings, Inc., formerly Integrated Electrical Services, Inc., is a holding firm that owns and manages diverse operating subsidiaries across a range of infrastructure-related end markets. The company has market cap of $367.16 million. The Firm operates through four divisions: Communications, Residential, Commercial & Industrial, and Infrastructure Solutions. It has a 3.15 P/E ratio. The Communications segment provides network infrastructure services for data centers and other mission critical environments.