Schroder Investment Management Group Has $36.65 Million Position in NiSource Inc. (NYSE:NI)

Schroder Investment Management Group cut its stake in shares of NiSource Inc. (NYSE:NI - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 998,710 shares of the utilities provider's stock after selling 289,588 shares during the period. Schroder Investment Management Group owned 0.21% of NiSource worth $36,653,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Securian Asset Management Inc. raised its stake in NiSource by 1.1% in the 4th quarter. Securian Asset Management Inc. now owns 25,087 shares of the utilities provider's stock worth $922,000 after purchasing an additional 282 shares in the last quarter. Aviso Financial Inc. raised its position in shares of NiSource by 1.0% in the fourth quarter. Aviso Financial Inc. now owns 31,450 shares of the utilities provider's stock valued at $1,156,000 after buying an additional 300 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in shares of NiSource by 5.6% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 5,648 shares of the utilities provider's stock valued at $207,000 after buying an additional 300 shares during the period. AMG National Trust Bank grew its position in NiSource by 0.6% during the fourth quarter. AMG National Trust Bank now owns 48,716 shares of the utilities provider's stock worth $1,788,000 after buying an additional 308 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its stake in NiSource by 4.1% during the 3rd quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider's stock worth $363,000 after acquiring an additional 414 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

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NiSource Price Performance

Shares of NI stock traded down $2.52 on Friday, reaching $37.23. The company had a trading volume of 8,391,091 shares, compared to its average volume of 4,072,319. The business's 50-day moving average is $39.09 and its 200 day moving average is $37.09. NiSource Inc. has a one year low of $26.26 and a one year high of $41.45. 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 has a market capitalization of $17.49 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.56 and a beta of 0.48.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.49 EPS 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 in the prior year, the company posted $0.53 earnings per share. Equities research analysts forecast that NiSource Inc. will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a yield of 3.01%. NiSource's dividend payout ratio is currently 69.14%.

Insiders Place Their Bets

In other news, CAO Gunnar Gode sold 5,500 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $39.92, for a total transaction of $219,560.00. Following the sale, the chief accounting officer now directly owns 24,758 shares in the company, valued at approximately $988,339.36. The trade was a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

NI has been the topic of several analyst reports. Mizuho increased their target price on NiSource from $42.00 to $44.00 and gave the stock an "outperform" rating in a report 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 report on Friday, March 21st. Finally, Wells Fargo & Company boosted their target price on shares of NiSource from $39.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $39.33.

About NiSource

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.