Asset Management One Co. Ltd. Has $5.93 Million Stock Holdings in NiSource Inc. (NYSE:NI)

Asset Management One Co. Ltd. trimmed its position in NiSource Inc. (NYSE:NI - Free Report) by 8.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 171,170 shares of the utilities provider's stock after selling 16,549 shares during the period. Asset Management One Co. Ltd.'s holdings in NiSource were worth $5,931,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of NiSource by 7.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider's stock worth $12,144,000 after buying an additional 29,055 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NiSource by 12.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 515,724 shares of the utilities provider's stock valued at $14,265,000 after purchasing an additional 57,658 shares in the last quarter. Sei Investments Co. raised its holdings in NiSource by 26.0% during the first quarter. Sei Investments Co. now owns 796,693 shares of the utilities provider's stock worth $22,036,000 after acquiring an additional 164,532 shares in the last quarter. California State Teachers Retirement System lifted its position in shares of NiSource by 3.5% in the first quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock valued at $16,551,000 after buying an additional 20,060 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in NiSource by 47.8% in the 1st quarter. Russell Investments Group Ltd. now owns 647,984 shares of the utilities provider's stock valued at $17,923,000 after buying an additional 209,451 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on NI. Evercore ISI upped their price target on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, August 8th. Bank of America initiated coverage on shares of NiSource in a research report on Thursday, September 12th. They set a "buy" rating and a $37.00 target price for the company. Barclays boosted their price target on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Monday, October 21st. Mizuho boosted their price target on shares of NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, NiSource presently has a consensus rating of "Moderate Buy" and an average price target of $37.50.

NiSource Trading Up 2.8 %

NYSE:NI traded up $0.97 during trading hours on Friday, reaching $35.97. 4,630,937 shares of the stock were exchanged, compared to its average volume of 3,097,662. The business has a 50-day moving average of $34.37 and a two-hundred day moving average of $31.31. The company has a market capitalization of $16.79 billion, a price-to-earnings ratio of 21.80, a PEG ratio of 2.92 and a beta of 0.51. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. NiSource Inc. has a twelve month low of $24.61 and a twelve month high of $36.17.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.19 earnings per share. On average, equities analysts predict that NiSource Inc. will post 1.73 EPS for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.265 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.06 annualized dividend and a yield of 2.95%. NiSource's payout ratio is 64.24%.

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.