NiSource Inc. (NYSE:NI) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 101,322 shares of the utilities provider's stock after selling 11,937 shares during the period. Advisors Asset Management Inc.'s holdings in NiSource were worth $3,725,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Brooklyn Investment Group lifted its position in NiSource by 153.2% during the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock worth $32,000 after acquiring an additional 527 shares during the period. Spire Wealth Management purchased a new position in shares of NiSource in the fourth quarter worth about $39,000. Catalyst Capital Advisors LLC purchased a new position in shares of NiSource in the fourth quarter worth about $40,000. Legacy Investment Solutions LLC purchased a new stake in NiSource in the third quarter valued at approximately $47,000. Finally, Intact Investment Management Inc. acquired a new position in NiSource in the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Performance

NI traded down $0.21 on Tuesday, reaching $39.63. The stock had a trading volume of 3,254,786 shares, compared to its average volume of 4,541,323. The business's 50-day moving average price is $38.74 and its two-hundred day moving average price is $36.72. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. NiSource Inc. has a 12-month low of $26.25 and a 12-month high of $41.44. The company has a market cap of $18.62 billion, a P/E ratio of 24.46, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50.

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NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.05). NiSource had a return on equity of 7.87% and a net margin of 13.94%. During the same period in the previous year, the company posted $0.53 EPS. Sell-side analysts forecast that NiSource Inc. will post 1.91 earnings per share for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, April 30th. NiSource's payout ratio is presently 69.14%.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of NiSource from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company boosted their target price on shares of NiSource from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $38.89.

Insiders Place Their Bets

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $39.92, for a total transaction of $219,560.00. Following the completion of the sale, the chief accounting officer now directly owns 24,758 shares in the company, valued at approximately $988,339.36. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.