Newbridge Financial Services Group Inc. purchased a new position in shares of NiSource Inc. (NYSE:NI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,880 shares of the utilities provider's stock, valued at approximately $437,000.
A number of other large investors have also added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of NiSource by 153.2% during 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. Capital Performance Advisors LLP purchased a new stake in NiSource during the third quarter valued at approximately $33,000. Spire Wealth Management bought a new stake in NiSource in the fourth quarter worth $39,000. Legacy Investment Solutions LLC purchased a new stake in NiSource in the 3rd quarter worth about $47,000. Finally, Friedenthal Financial bought a new stake in shares of NiSource during the 3rd quarter worth approximately $50,000. Institutional investors own 91.64% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Mizuho boosted their price target 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. JPMorgan Chase & Co. increased their price target on NiSource from $36.00 to $38.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Jefferies Financial Group began coverage on NiSource in a research note on Monday, October 28th. They set a "buy" rating and a $39.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on shares of NiSource from $35.00 to $38.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $37.50.
View Our Latest Analysis on NI
NiSource Trading Up 0.9 %
Shares of NI stock traded up $0.36 during trading hours on Wednesday, reaching $38.79. 7,425,520 shares of the stock traded hands, compared to its average volume of 3,745,633. The firm has a market capitalization of $18.11 billion, a PE ratio of 23.51, a PEG ratio of 2.50 and a beta of 0.54. NiSource Inc. has a 1-year low of $24.80 and a 1-year high of $38.99. 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 business has a fifty day moving average price of $36.99 and a 200 day moving average price of $35.21.
NiSource (NYSE:NI - Get Free Report) last released 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 net margin of 14.63% and a return on equity of 8.27%. During the same quarter last year, the business posted $0.53 earnings per share. On average, equities research analysts forecast that NiSource Inc. will post 1.73 EPS for the current year.
NiSource Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, February 3rd will be given a $0.28 dividend. This is an increase from NiSource's previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 2.89%. The ex-dividend date is Monday, February 3rd. NiSource's payout ratio is currently 67.88%.
About NiSource
(
Free Report)
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.
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