NiSource Inc. (NYSE:NI) is ExodusPoint Capital Management LP's 8th Largest Position

ExodusPoint Capital Management LP reduced its holdings in shares of NiSource Inc. (NYSE:NI - Free Report) by 42.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,394,207 shares of the utilities provider's stock after selling 2,465,152 shares during the quarter. NiSource accounts for about 0.9% of ExodusPoint Capital Management LP's investment portfolio, making the stock its 8th largest holding. ExodusPoint Capital Management LP owned about 0.73% of NiSource worth $124,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NI. World Investment Advisors lifted its holdings in shares of NiSource by 25.8% in the 4th quarter. World Investment Advisors now owns 8,247 shares of the utilities provider's stock worth $303,000 after purchasing an additional 1,689 shares during the last quarter. Meeder Advisory Services Inc. lifted its stake in NiSource by 31.2% in the fourth quarter. Meeder Advisory Services Inc. now owns 32,673 shares of the utilities provider's stock valued at $1,201,000 after buying an additional 7,778 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of NiSource by 6.5% during the fourth quarter. Geode Capital Management LLC now owns 11,448,075 shares of the utilities provider's stock valued at $419,765,000 after acquiring an additional 700,747 shares during the period. B. Metzler seel. Sohn & Co. AG grew its position in shares of NiSource by 31.7% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 30,322 shares of the utilities provider's stock worth $1,115,000 after acquiring an additional 7,297 shares during the last quarter. Finally, Summit Financial LLC bought a new position in shares of NiSource during the fourth quarter worth about $225,000. Institutional investors own 91.64% of the company's stock.

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NiSource Price Performance

NiSource stock traded up $0.76 during mid-day trading on Tuesday, hitting $37.92. The company's stock had a trading volume of 1,280,956 shares, compared to its average volume of 4,077,861. The stock has a market capitalization of $17.85 billion, a P/E ratio of 23.35, a P/E/G ratio of 2.56 and a beta of 0.48. 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 stock's fifty day moving average price is $39.11 and its two-hundred day moving average price is $37.12. NiSource Inc. has a twelve month low of $26.26 and a twelve month high of $41.45.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates 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 period last year, the business posted $0.53 earnings per share. Research analysts forecast that NiSource Inc. will post 1.91 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be given a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.12 annualized dividend and a dividend yield of 2.95%. NiSource's dividend payout ratio (DPR) is presently 69.14%.

Insider Activity at NiSource

In related news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $988,339.36. The trade was a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.13% of the stock is owned by insiders.

Analyst Ratings Changes

NI has been the subject of several recent analyst reports. Mizuho increased their price target on NiSource from $42.00 to $44.00 and gave the stock 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 company a "buy" rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company boosted their price target on shares of NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, NiSource has an average rating of "Buy" and an average target price 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.