ST Germain D J Co. Inc. Has $273,000 Holdings in NiSource, Inc $NI

Key Points

• ST Germain D J Co. Inc. increased its stake in NiSource by 1,591.0% in Q2, now holding 6,764 shares valued at $273,000.
• NiSource's recent quarterly earnings showed an EPS of $0.22, beating estimates, with a revenue of $1.16 billion.
• The company declared a quarterly dividend of $0.28 per share, to be paid on November 20th, representing a annualized yield of 2.6%.

ST Germain D J Co. Inc. grew its stake in NiSource, Inc (NYSE:NI - Free Report) by 1,591.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,764 shares of the utilities provider's stock after buying an additional 6,364 shares during the quarter. ST Germain D J Co. Inc.'s holdings in NiSource were worth $273,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Crumly & Associates Inc. boosted its holdings in shares of NiSource by 1.5% in the second quarter. Crumly & Associates Inc. now owns 18,274 shares of the utilities provider's stock valued at $737,000 after buying an additional 265 shares during the period. 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 valued at $33,000 after buying an additional 266 shares during the period. Resonant Capital Advisors LLC boosted its holdings in shares of NiSource by 3.9% in the first quarter. Resonant Capital Advisors LLC now owns 7,448 shares of the utilities provider's stock valued at $299,000 after buying an additional 277 shares during the period. Capital Analysts LLC boosted its holdings in shares of NiSource by 0.6% in the first quarter. Capital Analysts LLC now owns 50,416 shares of the utilities provider's stock valued at $2,021,000 after buying an additional 283 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of NiSource by 64.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the utilities provider's stock valued at $31,000 after buying an additional 299 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Performance

NYSE NI opened at $42.56 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.48 and a debt-to-equity ratio of 1.32. The firm's fifty day moving average price is $41.77 and its two-hundred day moving average price is $40.15. NiSource, Inc has a 1 year low of $33.65 and a 1 year high of $43.51. The firm has a market capitalization of $20.04 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60.

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

NiSource Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently weighed in on NI shares. Zacks Research upgraded shares of NiSource to a "hold" rating in a report on Monday, August 11th. Jefferies Financial Group cut shares of NiSource from a "buy" rating to a "hold" rating and reduced their target price for the stock from $48.00 to $44.00 in a report on Friday, September 5th. Barclays restated an "overweight" rating and set a $44.00 target price (up previously from $42.00) on shares of NiSource in a report on Monday, August 4th. Finally, Wall Street Zen cut shares of NiSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $43.88.

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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