Natixis Advisors LLC lifted its holdings in NiSource Inc. (NYSE:NI - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 599,130 shares of the utilities provider's stock after purchasing an additional 12,885 shares during the quarter. Natixis Advisors LLC owned 0.13% of NiSource worth $22,024,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the business. Brooklyn Investment Group raised its holdings in NiSource by 153.2% during the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock worth $32,000 after purchasing an additional 527 shares in the last quarter. Spire Wealth Management acquired a new position in shares of NiSource during the 4th quarter valued at $39,000. Catalyst Capital Advisors LLC bought a new stake in shares of NiSource in the 4th quarter worth $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of NiSource in the third quarter valued at $47,000. Finally, Intact Investment Management Inc. bought a new position in NiSource during the fourth quarter valued at about $66,000. 91.64% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at NiSource
In other 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 transaction, the chief accounting officer now owns 24,758 shares in the company, 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 currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have commented on NI. 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. UBS Group boosted their target price on shares of NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $38.89.
Read Our Latest Report on NiSource
NiSource Trading Down 1.0 %
NYSE NI traded down $0.39 on Friday, hitting $39.18. 10,561,717 shares of the company were exchanged, compared to its average volume of 3,706,512. 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 Inc. has a twelve month low of $26.26 and a twelve month high of $41.45. The firm has a market capitalization of $18.41 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50. The company's 50 day moving average price is $38.61 and its 200-day moving average price is $36.58.
NiSource (NYSE:NI - Get Free Report) last released its earnings results 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 quarter in the previous year, the company earned $0.53 earnings per share. Analysts predict that NiSource Inc. will post 1.91 earnings per share for the current fiscal 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 issued a $0.28 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.86%. NiSource's payout ratio is currently 69.14%.
NiSource Profile
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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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