Tyler Stone Wealth Management Grows Stock Position in NiSource Inc. (NYSE:NI)

Tyler Stone Wealth Management boosted its position in NiSource Inc. (NYSE:NI - Free Report) by 99.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,322 shares of the utilities provider's stock after acquiring an additional 14,611 shares during the quarter. Tyler Stone Wealth Management's holdings in NiSource were worth $1,016,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in NiSource by 1.8% during the first quarter. Vanguard Group Inc. now owns 54,946,594 shares of the utilities provider's stock worth $1,519,823,000 after purchasing an additional 991,336 shares in the last quarter. Zimmer Partners LP increased its holdings in shares of NiSource by 146.2% in the 1st quarter. Zimmer Partners LP now owns 8,907,743 shares of the utilities provider's stock valued at $246,388,000 after acquiring an additional 5,290,322 shares during the period. Millennium Management LLC increased its holdings in shares of NiSource by 0.7% in the 2nd quarter. Millennium Management LLC now owns 6,374,053 shares of the utilities provider's stock valued at $183,636,000 after acquiring an additional 44,598 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of NiSource by 1.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 4,908,547 shares of the utilities provider's stock valued at $141,415,000 after acquiring an additional 67,697 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of NiSource by 68.1% in the 2nd quarter. Bank of Montreal Can now owns 3,342,831 shares of the utilities provider's stock valued at $96,407,000 after acquiring an additional 1,353,977 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Performance

NYSE:NI traded up $0.97 during midday trading on Friday, reaching $35.97. The stock had a trading volume of 4,630,937 shares, compared to its average volume of 3,097,662. The stock has a market cap of $16.79 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.92 and a beta of 0.51. NiSource Inc. has a 12-month low of $24.61 and a 12-month high of $36.17. The firm has a fifty day simple moving average of $34.37 and a two-hundred day simple moving average of $31.33. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The business's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities analysts expect that NiSource Inc. will post 1.73 EPS for the current year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.265 per share. The ex-dividend date is Thursday, October 31st. This represents a $1.06 annualized dividend and a dividend yield of 2.95%. NiSource's payout ratio is currently 64.24%.

Wall Street Analysts Forecast Growth

NI has been the topic of a number of recent research reports. Barclays lifted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Monday, October 21st. Bank of America initiated coverage on shares of NiSource in a report on Thursday, September 12th. They issued a "buy" rating and a $37.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Evercore ISI lifted their target price on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. lifted their price objective 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 analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus 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.