Callan Family Office LLC Takes $278,000 Position in NiSource Inc. (NYSE:NI)

Callan Family Office LLC bought a new position in shares of NiSource Inc. (NYSE:NI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,557 shares of the utilities provider's stock, valued at approximately $278,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of NI. Brooklyn Investment Group grew its holdings 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 acquiring an additional 527 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of NiSource during the 3rd quarter worth approximately $33,000. Spire Wealth Management acquired a new stake in shares of NiSource during the 4th quarter worth approximately $39,000. Catalyst Capital Advisors LLC purchased a new position in shares of NiSource during the 4th quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in NiSource during the third quarter worth $47,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Price Performance

Shares of NI traded up $0.81 during trading hours on Friday, hitting $39.48. 4,469,984 shares of the stock were exchanged, compared to its average volume of 4,404,275. The stock's 50-day moving average price is $38.24 and its two-hundred day moving average price is $36.34. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.41 and a current ratio of 0.51. The company has a market cap of $18.56 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50. NiSource Inc. has a 12-month low of $26.25 and a 12-month high of $41.44.

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

NiSource Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 3rd were given a dividend of $0.28 per share. This is an increase from NiSource's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 2.84%. NiSource's dividend payout ratio (DPR) is presently 69.14%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $39.92, for a total value of $219,560.00. Following the transaction, the chief accounting officer now directly owns 24,758 shares in the company, valued at $988,339.36. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

NiSource Company 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.