Robeco Institutional Asset Management B.V. Has $23.45 Million Holdings in NiSource, Inc $NI

Key Points

• Robeco Institutional Asset Management B.V. significantly increased its holdings in NiSource, Inc by 258.8% during the second quarter, now owning $23.45 million worth of shares.
• NiSource recently reported a quarterly earnings per share (EPS) of $0.22, surpassing analyst expectations of $0.21.
• The company plans to pay a quarterly dividend of $0.28 per share on November 20th, reflecting an annualized yield of 2.6%.

Robeco Institutional Asset Management B.V. raised its holdings in NiSource, Inc (NYSE:NI - Free Report) by 258.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,391 shares of the utilities provider's stock after buying an additional 419,339 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.12% of NiSource worth $23,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC increased its position in NiSource by 48.8% in the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 266 shares in the last quarter. Brooklyn Investment Group boosted its stake in NiSource by 57.3% during the 1st quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider's stock worth $55,000 after acquiring an additional 499 shares during the last quarter. Hemington Wealth Management increased its position in shares of NiSource by 39.4% in the 1st quarter. Hemington Wealth Management now owns 1,551 shares of the utilities provider's stock valued at $62,000 after buying an additional 438 shares in the last quarter. Rossby Financial LCC acquired a new position in shares of NiSource in the 1st quarter valued at approximately $69,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of NiSource during the first quarter worth $76,000. Institutional investors own 91.64% of the company's stock.

NiSource Stock Up 1.8%

NYSE NI opened at $43.88 on Friday. The company has a market capitalization of $20.66 billion, a P/E ratio of 23.34, a P/E/G ratio of 2.96 and a beta of 0.60. NiSource, Inc has a one year low of $33.65 and a one year high of $44.18. 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 50 day moving average price of $41.91 and a 200-day moving average price of $40.30.

NiSource (NYSE:NI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The business had revenue of $1.16 billion for 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 quarter in the previous year, the business posted $0.21 earnings per share. As a group, equities analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NI shares. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research report on Saturday, September 27th. BMO Capital Markets increased their price target on NiSource from $46.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday, September 29th. Jefferies Financial Group cut NiSource from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $48.00 to $44.00 in a report on Friday, September 5th. Zacks Research upgraded shares of NiSource to a "hold" rating in a research note on Monday, August 11th. Finally, Barclays restated an "overweight" rating and set a $44.00 price objective (up previously from $42.00) on shares of NiSource in a research note on Monday, August 4th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.38.

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.

Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource, Inc (NYSE:NI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.