NiSource Inc. (NYSE:NI) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in shares of NiSource Inc. (NYSE:NI - Free Report) by 28.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,865 shares of the utilities provider's stock after selling 31,998 shares during the quarter. Corient Private Wealth LLC's holdings in NiSource were worth $2,936,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, CAO Gunnar Gode sold 5,500 shares of the stock in a transaction 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 in the company, valued at approximately $988,339.36. This trade represents a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

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

NiSource Trading Up 0.8 %

NYSE:NI traded up $0.33 on Wednesday, hitting $39.94. The stock had a trading volume of 4,530,350 shares, compared to its average volume of 3,706,998. The company has a fifty day moving average price of $38.80 and a two-hundred day moving average price of $36.76. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 2.56 and a beta of 0.50. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. NiSource Inc. has a 1-year low of $26.26 and a 1-year high of $41.45.

NiSource (NYSE:NI - Get Free Report) last released its quarterly 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 firm earned $0.53 EPS. Equities research analysts expect that NiSource Inc. will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.80%. NiSource's payout ratio is presently 69.14%.

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.