Leeward Investments LLC MA Sells 102,377 Shares of NiSource Inc. (NYSE:NI)

Leeward Investments LLC MA lessened its position in NiSource Inc. (NYSE:NI - Free Report) by 20.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 395,066 shares of the utilities provider's stock after selling 102,377 shares during the period. Leeward Investments LLC MA owned approximately 0.09% of NiSource worth $13,689,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co lifted its holdings in shares of NiSource by 7.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 438,845 shares of the utilities provider's stock valued at $12,144,000 after buying an additional 29,055 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of NiSource by 12.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 515,724 shares of the utilities provider's stock valued at $14,265,000 after purchasing an additional 57,658 shares in the last quarter. Sei Investments Co. grew its stake in shares of NiSource by 26.0% in the 1st quarter. Sei Investments Co. now owns 796,693 shares of the utilities provider's stock worth $22,036,000 after purchasing an additional 164,532 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of NiSource by 3.5% in the 1st quarter. California State Teachers Retirement System now owns 598,359 shares of the utilities provider's stock worth $16,551,000 after purchasing an additional 20,060 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of NiSource by 47.8% in the 1st quarter. Russell Investments Group Ltd. now owns 647,984 shares of the utilities provider's stock worth $17,923,000 after purchasing an additional 209,451 shares in the last quarter. Institutional investors own 91.64% of the company's stock.

NiSource Stock Down 0.5 %

Shares of NI stock traded down $0.16 during trading on Thursday, hitting $35.00. 2,865,550 shares of the company were exchanged, compared to its average volume of 4,040,853. The business's 50-day simple moving average is $34.27 and its 200 day simple moving average is $31.23. NiSource Inc. has a twelve month low of $24.58 and a twelve month high of $35.49. The firm has a market capitalization of $16.34 billion, a price-to-earnings ratio of 21.32, a P/E/G ratio of 2.89 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.35 and a current ratio of 0.46.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $986.00 million. During the same period last year, the company earned $0.19 earnings per share. NiSource's quarterly revenue was up 4.8% compared to the same quarter last year. As a group, analysts forecast that NiSource Inc. will post 1.73 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource's dividend payout ratio is presently 64.24%.

Wall Street Analysts Forecast Growth

NI has been the subject of several analyst reports. BMO Capital Markets upped their target price on NiSource from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, September 12th. Evercore ISI upped their price objective on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Wells Fargo & Company raised their target price on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Mizuho boosted their price target on shares of NiSource from $38.00 to $40.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.