NiSource, Inc (NYSE:NI) Shares Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP increased its holdings in shares of NiSource, Inc (NYSE:NI - Free Report) by 144.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,451,104 shares of the utilities provider's stock after buying an additional 857,229 shares during the quarter. Artemis Investment Management LLP owned about 0.31% of NiSource worth $58,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC lifted its holdings in shares of NiSource by 1.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 13,987 shares of the utilities provider's stock worth $514,000 after acquiring an additional 256 shares during the period. Securian Asset Management Inc. raised its stake in NiSource by 1.1% during the fourth 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 during the period. Laird Norton Wetherby Wealth Management LLC raised its stake in NiSource by 4.2% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 7,303 shares of the utilities provider's stock worth $268,000 after purchasing an additional 291 shares during the period. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NiSource by 64.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the utilities provider's stock valued at $31,000 after purchasing an additional 299 shares during the last quarter. Finally, Aviso Financial Inc. grew its stake in shares of NiSource by 1.0% during the 4th 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 during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NiSource

In related news, EVP Melanie B. Berman sold 6,227 shares of the business's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $39.42, for a total value of $245,468.34. Following the completion of the sale, the executive vice president now directly owns 28,882 shares of the company's stock, valued at $1,138,528.44. The trade was a 17.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Michael E. Jesanis sold 6,178 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.81, for a total value of $233,590.18. Following the sale, the director now owns 18,541 shares in the company, valued at $701,035.21. The trade was a 24.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,405 shares of company stock valued at $631,939 in the last three months. Corporate insiders own 0.24% of the company's stock.

NiSource Trading Down 0.3%

NYSE NI opened at $39.63 on Friday. The stock has a market cap of $18.65 billion, a P/E ratio of 21.42, a PEG ratio of 2.69 and a beta of 0.54. The company's fifty day simple moving average is $39.28 and its 200-day simple moving average is $38.54. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 1.17. NiSource, Inc has a 52 week low of $28.42 and a 52 week high of $41.45.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.90 by $0.08. The firm had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.32 billion. NiSource had a net margin of 14.67% and a return on equity of 8.41%. During the same quarter in the previous year, the business posted $0.85 EPS. Equities research analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.12 annualized dividend and a yield of 2.83%. NiSource's dividend payout ratio is presently 60.54%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on NiSource from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Wells Fargo & Company boosted their price target on NiSource from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. raised their price objective on NiSource from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. Barclays lifted their price objective on NiSource from $38.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, April 25th. Finally, UBS Group boosted their target price on NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Ten equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, NiSource has an average rating of "Buy" and a consensus price target of $41.50.

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.

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