NiSource Inc. (NYSE:NI) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management grew its holdings in NiSource Inc. (NYSE:NI - Free Report) by 42.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 292,876 shares of the utilities provider's stock after purchasing an additional 87,423 shares during the quarter. Picton Mahoney Asset Management owned about 0.06% of NiSource worth $10,765,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Intact Investment Management Inc. purchased a new position in NiSource in the 4th quarter worth approximately $66,000. Aviso Financial Inc. lifted its stake in NiSource by 1.0% in the 4th quarter. Aviso Financial Inc. now owns 31,450 shares of the utilities provider's stock worth $1,156,000 after purchasing an additional 300 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in NiSource by 7.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 184,642 shares of the utilities provider's stock worth $6,787,000 after purchasing an additional 12,972 shares in the last quarter. PGGM Investments increased its holdings in shares of NiSource by 1,701.3% during the 4th quarter. PGGM Investments now owns 117,048 shares of the utilities provider's stock worth $4,303,000 after buying an additional 110,550 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of NiSource during the 4th quarter worth approximately $3,785,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on shares of NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $38.13.

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NiSource Trading Down 0.2 %

NiSource stock traded down $0.09 during trading on Monday, hitting $39.39. The company had a trading volume of 2,860,031 shares, compared to its average volume of 4,371,688. NiSource Inc. has a 1-year low of $26.25 and a 1-year high of $41.44. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. The company's 50 day simple moving average is $38.35 and its 200-day simple moving average is $36.45. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50.

NiSource (NYSE:NI - Get Free Report) last posted 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 net margin of 13.94% and a return on equity of 7.87%. During the same quarter last year, the company posted $0.53 earnings per share. As a group, analysts expect that NiSource Inc. will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 3rd were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.84%. The ex-dividend date was Monday, February 3rd. This is an increase from NiSource's previous quarterly dividend of $0.27. NiSource's dividend payout ratio (DPR) is 69.14%.

Insider Activity at NiSource

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $39.92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now owns 24,758 shares in the company, valued at $988,339.36. The trade was a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.13% of the stock is owned by insiders.

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.