Cambridge Investment Research Advisors Inc. increased its stake in shares of NiSource (NYSE:NI) by 26.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,518 shares of the utilities provider’s stock after acquiring an additional 2,839 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NiSource were worth $347,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC grew its holdings in NiSource by 29.6% during the third quarter. Janus Henderson Group PLC now owns 401,087 shares of the utilities provider’s stock worth $10,263,000 after acquiring an additional 91,675 shares during the period. RBO & Co. LLC boosted its position in NiSource by 6.1% during the fourth quarter. RBO & Co. LLC now owns 285,409 shares of the utilities provider’s stock worth $7,326,000 after purchasing an additional 16,510 shares in the last quarter. Centenus Global Management LP purchased a new position in NiSource during the fourth quarter worth approximately $6,289,000. Vident Investment Advisory LLC purchased a new position in NiSource during the third quarter worth approximately $341,000. Finally, WINTON GROUP Ltd boosted its position in NiSource by 7.1% during the fourth quarter. WINTON GROUP Ltd now owns 136,429 shares of the utilities provider’s stock worth $3,502,000 after purchasing an additional 9,002 shares in the last quarter. 86.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded NiSource from a “buy” rating to a “hold” rating in a research report on Wednesday, April 11th. JPMorgan Chase increased their price target on NiSource from $23.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 10th. Citigroup downgraded NiSource from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $31.00 to $25.00 in a research report on Tuesday, March 27th. Bank of America upgraded NiSource from a “neutral” rating to a “buy” rating in a research report on Friday, March 23rd. Finally, KeyCorp reiterated a “buy” rating and set a $25.00 price target on shares of NiSource in a research report on Thursday, March 15th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.45.
NiSource (NYSE:NI) last released its earnings results on Tuesday, February 20th. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.35 billion. NiSource had a return on equity of 8.90% and a net margin of 2.64%. During the same quarter last year, the business posted $0.33 earnings per share. research analysts predict that NiSource will post 1.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Stockholders of record on Monday, April 30th will be given a $0.195 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.78 annualized dividend and a dividend yield of 3.31%. NiSource’s dividend payout ratio (DPR) is presently 64.46%.
NiSource Company Profile
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.
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