Forsta AP Fonden Has $4.29 Million Stock Holdings in NiSource Inc. (NYSE:NI)

Forsta AP Fonden reduced its stake in shares of NiSource Inc. (NYSE:NI - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,800 shares of the utilities provider's stock after selling 21,300 shares during the quarter. Forsta AP Fonden's holdings in NiSource were worth $4,294,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Brooklyn Investment Group increased its position in shares of NiSource by 153.2% during the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 527 shares during the period. Capital Performance Advisors LLP acquired a new stake in NiSource during the third quarter worth $33,000. Legacy Investment Solutions LLC bought a new stake in NiSource in the 3rd quarter valued at $47,000. Friedenthal Financial acquired a new position in shares of NiSource in the 3rd quarter valued at $50,000. Finally, JFS Wealth Advisors LLC lifted its holdings in shares of NiSource by 423.6% during the 3rd quarter. JFS Wealth Advisors LLC now owns 1,550 shares of the utilities provider's stock worth $54,000 after acquiring an additional 1,254 shares during the period. 91.64% of the stock is owned by institutional investors.

NiSource Trading Down 0.4 %

NYSE NI traded down $0.14 during trading on Tuesday, reaching $37.44. 2,812,923 shares of the stock traded hands, compared to its average volume of 3,765,278. The stock's 50-day moving average price is $36.92 and its 200 day moving average price is $34.94. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 2.45 and a beta of 0.54. NiSource Inc. has a fifty-two week low of $24.80 and a fifty-two week high of $38.83.

NiSource Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Monday, February 3rd. This is a boost from NiSource's previous quarterly dividend of $0.27. NiSource's payout ratio is 64.24%.

Analyst Ratings Changes

NI has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on NiSource in a research report on Monday, October 28th. They issued a "buy" rating and a $39.00 price target on the stock. JPMorgan Chase & Co. upped their target price on shares of NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Mizuho increased their target price on shares of NiSource from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their price target on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Monday, October 21st. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, NiSource has an average rating of "Moderate Buy" and an average price target of $37.50.

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.