NiSource Inc. (NYSE:NI) Shares Sold by Tredje AP fonden

Tredje AP fonden lowered its stake in shares of NiSource Inc. (NYSE:NI - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,164 shares of the utilities provider's stock after selling 35,163 shares during the quarter. Tredje AP fonden's holdings in NiSource were worth $1,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of NI. JPMorgan Chase & Co. grew its position in shares of NiSource by 88.4% during the third quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider's stock worth $516,373,000 after acquiring an additional 6,991,608 shares during the last quarter. Bank of Montreal Can grew its position in shares of NiSource by 53.3% during the third quarter. Bank of Montreal Can now owns 5,124,909 shares of the utilities provider's stock worth $176,194,000 after acquiring an additional 1,782,078 shares during the last quarter. State Street Corp grew its position in shares of NiSource by 5.8% during the third quarter. State Street Corp now owns 22,691,174 shares of the utilities provider's stock worth $786,249,000 after acquiring an additional 1,247,368 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of NiSource during the third quarter worth approximately $32,162,000. Finally, Retirement Systems of Alabama grew its position in shares of NiSource by 793.3% during the third quarter. Retirement Systems of Alabama now owns 883,387 shares of the utilities provider's stock worth $30,609,000 after acquiring an additional 784,495 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price 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. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $38.13.

NiSource Stock Performance

NYSE:NI traded up $0.41 during midday trading on Wednesday, reaching $39.35. The stock had a trading volume of 4,155,760 shares, compared to its average volume of 3,679,661. The firm has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $36.54. NiSource Inc. has a 12-month low of $26.26 and a 12-month 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 cap of $18.49 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.56 and a beta of 0.50.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results 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 return on equity of 7.87% and a net margin of 13.94%. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities analysts expect that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders 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 annualized dividend and a dividend yield of 2.85%. NiSource's payout ratio is currently 69.14%.

Insiders Place Their Bets

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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

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.