Korea Investment CORP Has $10.36 Million Position in NiSource Inc. (NYSE:NI)

Korea Investment CORP lowered its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,707 shares of the utilities provider's stock after selling 19,400 shares during the period. Korea Investment CORP owned approximately 0.06% of NiSource worth $10,356,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of NiSource by 40.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 344,521 shares of the utilities provider's stock worth $12,665,000 after acquiring an additional 99,033 shares during the period. Vanguard Group Inc. lifted its position in NiSource by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 57,793,581 shares of the utilities provider's stock worth $2,124,492,000 after purchasing an additional 2,459,452 shares during the period. LPL Financial LLC boosted its stake in NiSource by 25.6% during the 4th quarter. LPL Financial LLC now owns 180,262 shares of the utilities provider's stock valued at $6,626,000 after purchasing an additional 36,736 shares in the last quarter. American Century Companies Inc. increased its position in shares of NiSource by 3.5% during the 4th quarter. American Century Companies Inc. now owns 197,331 shares of the utilities provider's stock valued at $7,254,000 after purchasing an additional 6,688 shares during the period. Finally, Mizuho Securities USA LLC lifted its holdings in shares of NiSource by 52.1% in the fourth quarter. Mizuho Securities USA LLC now owns 44,240 shares of the utilities provider's stock valued at $1,626,000 after buying an additional 15,157 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

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NiSource Trading Down 3.2 %

Shares of NI stock traded down $1.29 during trading hours on Friday, reaching $38.47. 1,125,561 shares of the stock traded hands, compared to its average volume of 4,038,846. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $18.08 billion, a PE ratio of 23.84, a PEG ratio of 2.56 and a beta of 0.48. NiSource Inc. has a 1-year low of $26.26 and a 1-year high of $41.45. The business has a fifty day moving average price of $39.10 and a 200 day moving average price of $37.03.

NiSource (NYSE:NI - Get Free Report) last announced its 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 quarter last year, the company earned $0.53 EPS. On average, equities research analysts forecast that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 annualized dividend and a yield of 2.91%. NiSource's dividend payout ratio (DPR) is presently 69.14%.

Insider Activity

In other 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 transaction 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 legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

About NiSource

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.