NiSource, Inc $NI Shares Bought by Kiker Wealth Management LLC

Key Points

• Kiker Wealth Management LLC increased its holdings in NiSource, Inc by 136.1%, owning 16,400 shares valued at $662,000 after acquiring an additional 9,454 shares in Q2.
• NiSource announced a quarterly dividend of $0.28, with a payment date set for November 20, representing an annualized yield of 2.6%.
• The stock has a current market cap of $20.10 billion and recently reported earnings of $0.22 per share, exceeding analysts' expectations.

Kiker Wealth Management LLC lifted its holdings in NiSource, Inc (NYSE:NI - Free Report) by 136.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,400 shares of the utilities provider's stock after purchasing an additional 9,454 shares during the period. Kiker Wealth Management LLC's holdings in NiSource were worth $662,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Ameritas Advisory Services LLC acquired a new position in shares of NiSource in the 2nd quarter worth approximately $32,000. Larson Financial Group LLC boosted its holdings in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider's stock worth $33,000 after buying an additional 266 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of NiSource in the second quarter worth about $40,000. Brooklyn Investment Group boosted its holdings in shares of NiSource by 57.3% in the first quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider's stock worth $55,000 after buying an additional 499 shares during the period. Finally, Hemington Wealth Management boosted its holdings in shares of NiSource by 39.4% in the first quarter. Hemington Wealth Management now owns 1,551 shares of the utilities provider's stock worth $62,000 after buying an additional 438 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Performance

NI stock opened at $42.69 on Tuesday. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.48 and a current ratio of 0.59. The stock has a market cap of $20.10 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.90 and a beta of 0.60. The firm has a 50 day simple moving average of $42.02 and a 200 day simple moving average of $40.45. NiSource, Inc has a 52 week low of $33.86 and a 52 week high of $44.51.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.16 billion. NiSource had a net margin of 14.46% and a return on equity of 8.25%. During the same period last year, the company posted $0.21 earnings per share. Research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be paid a $0.28 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. NiSource's payout ratio is 59.57%.

Analyst Ratings Changes

Several brokerages have commented on NI. BMO Capital Markets raised their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Wall Street Zen cut shares of NiSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Zacks Research upgraded shares of NiSource to a "hold" rating in a report on Monday, August 11th. Barclays reiterated an "overweight" rating and issued a $44.00 target price (up from $42.00) on shares of NiSource in a report on Monday, August 4th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of NiSource in a report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, NiSource has a consensus rating of "Moderate Buy" and an average price target of $44.44.

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.

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