NiSource Inc. (NYSE:NI) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE decreased its position in NiSource Inc. (NYSE:NI - Free Report) by 21.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,870 shares of the utilities provider's stock after selling 7,839 shares during the quarter. Congress Wealth Management LLC DE's holdings in NiSource were worth $1,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of NI. Smartleaf Asset Management LLC raised its position in shares of NiSource by 110.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,273 shares of the utilities provider's stock valued at $83,000 after buying an additional 1,195 shares during the last quarter. Thomasville National Bank raised its holdings in NiSource by 3.0% in the 4th quarter. Thomasville National Bank now owns 567,196 shares of the utilities provider's stock valued at $20,850,000 after acquiring an additional 16,364 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of NiSource by 21.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,712,724 shares of the utilities provider's stock worth $99,720,000 after purchasing an additional 483,491 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of NiSource by 88.4% during the third quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider's stock worth $516,373,000 after purchasing an additional 6,991,608 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in shares of NiSource by 1.4% in the third quarter. Verition Fund Management LLC now owns 2,471,361 shares of the utilities provider's stock valued at $85,633,000 after purchasing an additional 34,093 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction on 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 owns 24,758 shares in the company, valued at $988,339.36. The trade was a 18.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NI. UBS Group increased their target price on NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. Wells Fargo & Company increased their price objective on shares of NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, Mizuho boosted their target price on shares of NiSource from $42.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, March 26th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $39.33.

NiSource Trading Up 0.8 %

NYSE NI traded up $0.31 during mid-day trading on Tuesday, hitting $40.40. The company's stock had a trading volume of 4,294,085 shares, compared to its average volume of 4,024,027. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41. NiSource Inc. has a 52-week low of $26.26 and a 52-week high of $41.45. The stock's fifty day simple moving average is $39.00 and its two-hundred day simple moving average is $36.99. The firm has a market capitalization of $18.99 billion, a P/E ratio of 24.94, 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 the consensus estimate 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 business posted $0.53 EPS. Research analysts expect 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. Investors of record on Wednesday, April 30th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, April 30th. NiSource's dividend payout ratio (DPR) is presently 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.