Mitsubishi UFJ Trust & Banking Corp Has $12.67 Million Stake in NiSource Inc. (NYSE:NI)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in NiSource Inc. (NYSE:NI - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,521 shares of the utilities provider's stock after purchasing an additional 99,033 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.07% of NiSource worth $12,665,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group grew its position in shares of NiSource by 153.2% in the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 527 shares during the period. Spire Wealth Management acquired a new position in NiSource during the fourth quarter worth approximately $39,000. Catalyst Capital Advisors LLC acquired a new position in NiSource during the fourth quarter worth approximately $40,000. Legacy Investment Solutions LLC bought a new stake in NiSource in the third quarter valued at approximately $47,000. Finally, Intact Investment Management Inc. acquired a new stake in shares of NiSource in the fourth quarter valued at approximately $66,000. Institutional investors own 91.64% of the company's stock.

Insider Activity at NiSource

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $39.92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now owns 24,758 shares of the company's stock, valued at $988,339.36. This represents a 18.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by insiders.

Remove Ads

NiSource Price Performance

NI traded up $0.06 during trading on Wednesday, hitting $40.46. 593,683 shares of the stock traded hands, compared to its average volume of 4,446,050. The business has a 50 day moving average price of $39.00 and a 200 day moving average price of $36.99. The company has a market cap of $19.01 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.56 and a beta of 0.50. NiSource Inc. has a twelve month low of $26.25 and a twelve month high of $41.44. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 prior year, the company earned $0.53 EPS. Equities research analysts forecast that NiSource Inc. will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date is Wednesday, April 30th. NiSource's dividend payout ratio is 69.14%.

Analyst Ratings Changes

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

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.