31,109 Shares in NiSource Inc. (NYSE:NI) Purchased by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC acquired a new position in shares of NiSource Inc. (NYSE:NI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 31,109 shares of the utilities provider's stock, valued at approximately $896,000.

A number of other institutional investors and hedge funds also recently modified their holdings of NI. Crewe Advisors LLC acquired a new stake in NiSource during the 1st quarter valued at $31,000. First Financial Corp IN bought a new stake in shares of NiSource during the 1st quarter worth about $31,000. Family Firm Inc. bought a new stake in shares of NiSource during the 2nd quarter worth about $43,000. Fidelis Capital Partners LLC acquired a new position in NiSource in the 1st quarter valued at about $43,000. Finally, Principal Securities Inc. bought a new position in NiSource in the 4th quarter valued at about $50,000. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NI shares. Evercore ISI boosted their price objective on NiSource from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Mizuho started coverage on NiSource in a research report on Thursday, July 11th. They set an "outperform" rating and a $33.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of NiSource from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. Finally, Barclays upped their price target on shares of NiSource from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.00.

NiSource Price Performance

Shares of NYSE NI traded up $0.24 during mid-day trading on Monday, reaching $33.06. The company had a trading volume of 9,601,700 shares, compared to its average volume of 4,267,960. NiSource Inc. has a one year low of $22.86 and a one year high of $33.13. The business's 50-day simple moving average is $30.84 and its 200 day simple moving average is $28.76. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.78. The firm has a market cap of $14.83 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 3.20 and a beta of 0.50.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.15 by $0.06. The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.16 billion. NiSource had a net margin of 14.76% and a return on equity of 9.15%. During the same period in the previous year, the company earned $0.11 EPS. On average, research analysts predict that NiSource Inc. will post 1.72 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.21%. The ex-dividend date is Thursday, October 31st. NiSource's payout ratio is presently 69.28%.

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.