Atria Investments Inc Acquires 9,256 Shares of NiSource Inc. (NYSE:NI)

Atria Investments Inc boosted its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 98.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,700 shares of the utilities provider's stock after buying an additional 9,256 shares during the period. Atria Investments Inc's holdings in NiSource were worth $687,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in NI. Brooklyn Investment Group lifted its stake in NiSource by 153.2% during the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock worth $32,000 after purchasing an additional 527 shares during the last quarter. 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 position in shares of NiSource in the third quarter worth about $47,000. Finally, Eastern Bank increased its holdings in shares of NiSource by 1,242.2% in the fourth quarter. Eastern Bank now owns 2,161 shares of the utilities provider's stock worth $79,000 after buying an additional 2,000 shares during the period. Institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their price objective on NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Eight analysts have rated the stock with a buy rating, According to MarketBeat, NiSource has an average rating of "Buy" and a consensus price target of $38.13.

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Insider Transactions at NiSource

In other 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 value of $219,560.00. Following the sale, the chief accounting officer now directly owns 24,758 shares of the company's stock, valued at $988,339.36. The trade was a 18.18 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

NiSource Stock Down 1.2 %

Shares of NI stock traded down $0.46 during midday trading on Tuesday, reaching $38.91. 5,973,527 shares of the stock were exchanged, compared to its average volume of 3,676,539. NiSource Inc. has a 1 year low of $26.26 and a 1 year high of $41.45. The company's 50 day moving average is $38.42 and its two-hundred day moving average is $36.50. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. The firm has a market cap of $18.28 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share 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. On average, equities research analysts predict that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.88%. NiSource's dividend payout ratio is currently 69.14%.

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.