Elo Mutual Pension Insurance Co Has $1.74 Million Stake in NiSource Inc. (NYSE:NI)

Elo Mutual Pension Insurance Co grew its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 18.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,260 shares of the utilities provider's stock after buying an additional 7,439 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in NiSource were worth $1,737,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NI. Securian Asset Management Inc. lifted its stake in NiSource by 1.1% during the fourth quarter. Securian Asset Management Inc. now owns 25,087 shares of the utilities provider's stock worth $922,000 after purchasing an additional 282 shares during the last quarter. Aviso Financial Inc. raised its holdings in shares of NiSource by 1.0% during the fourth quarter. Aviso Financial Inc. now owns 31,450 shares of the utilities provider's stock worth $1,156,000 after purchasing an additional 300 shares during the period. Northwest & Ethical Investments L.P. lifted its position in shares of NiSource by 5.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 5,648 shares of the utilities provider's stock worth $207,000 after buying an additional 300 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of NiSource by 0.6% in the 4th quarter. AMG National Trust Bank now owns 48,716 shares of the utilities provider's stock valued at $1,788,000 after buying an additional 308 shares during the period. Finally, Coldstream Capital Management Inc. grew its position in shares of NiSource by 4.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider's stock valued at $363,000 after buying an additional 414 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Price Performance

Shares of NYSE:NI traded down $0.24 during trading on Thursday, reaching $40.40. The company had a trading volume of 1,633,753 shares, compared to its average volume of 4,430,822. The firm's fifty day moving average is $39.06 and its 200 day moving average is $37.01. 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 firm has a market capitalization of $18.99 billion, a PE ratio of 24.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.48. NiSource Inc. has a twelve month low of $26.25 and a twelve month high of $41.44.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) 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 period last year, the firm earned $0.53 EPS. On average, equities analysts forecast that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 2.77%. NiSource's dividend payout ratio is currently 69.14%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NI. Wells Fargo & Company raised their target price on shares of NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Mizuho raised their target price on NiSource from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Finally, UBS Group increased their price objective on shares of NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $39.33.

Insider Buying and Selling

In other news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $39.92, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.13% of the company's stock.

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.