Wellington Management Group LLP Sells 1,437,756 Shares of NiSource Inc. (NYSE:NI)

Wellington Management Group LLP decreased its position in shares of NiSource Inc. (NYSE:NI - Free Report) by 23.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,607,024 shares of the utilities provider's stock after selling 1,437,756 shares during the quarter. Wellington Management Group LLP owned approximately 0.98% of NiSource worth $169,354,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC lifted its position in NiSource by 67.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 45,552 shares of the utilities provider's stock valued at $1,674,000 after purchasing an additional 18,392 shares during the period. California Public Employees Retirement System lifted its holdings in NiSource by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 2,075,372 shares of the utilities provider's stock valued at $76,291,000 after buying an additional 43,608 shares during the period. Hartree Partners LP acquired a new position in NiSource in the fourth quarter valued at approximately $3,977,000. Allstate Corp bought a new position in NiSource in the fourth quarter valued at approximately $517,000. Finally, DnB Asset Management AS grew its holdings in NiSource by 10.3% during the 4th quarter. DnB Asset Management AS now owns 112,370 shares of the utilities provider's stock worth $4,131,000 after acquiring an additional 10,517 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Down 0.2 %

Shares of NYSE:NI traded down $0.06 during trading on Monday, hitting $37.16. 8,192,379 shares of the company's stock traded hands, compared to its average volume of 4,088,734. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 22.94, a price-to-earnings-growth ratio of 2.56 and a beta of 0.48. NiSource Inc. has a 52 week low of $26.26 and a 52 week high of $41.45. 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 has a 50-day moving average price of $39.11 and a 200-day moving average price of $37.12.

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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 analysts' consensus estimates 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 last year, the business earned $0.53 EPS. As a group, research analysts forecast that NiSource Inc. will post 1.91 EPS for the current fiscal year.

NiSource Announces Dividend

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

Insider Transactions at NiSource

In other 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 sale, the chief accounting officer now owns 24,758 shares of the company's stock, valued at $988,339.36. The trade was a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NI has been the topic of several recent research reports. Wells Fargo & Company raised their price target on NiSource from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Mizuho increased their target price on NiSource from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, March 26th. Finally, UBS Group boosted their target price on NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, March 21st. 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 a consensus target price of $39.33.

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.