Tema Etfs LLC Has $2.31 Million Stock Holdings in NiSource, Inc $NI

Key Points

• Tema Etfs LLC increased its holdings in NiSource, Inc by 412.5%, acquiring an additional 46,431 shares, bringing its total ownership to 57,687 shares worth $2.31 million.
• Brokerages have issued mixed ratings for NiSource, with Wells Fargo raising its target price to $45, while Wall Street Zen downgraded the stock to a "sell" rating.
• NiSource announced a quarterly dividend of $0.28 per share, with an annualized yield of 2.6%, set to be paid on November 20th.

Tema Etfs LLC lifted its stake in NiSource, Inc (NYSE:NI - Free Report) by 412.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,687 shares of the utilities provider's stock after acquiring an additional 46,431 shares during the period. Tema Etfs LLC's holdings in NiSource were worth $2,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake 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 worth $31,000 after acquiring an additional 299 shares during the period. Larson Financial Group LLC lifted its stake in NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 266 shares during the last quarter. Quent Capital LLC lifted its stake in NiSource by 44.7% during the first quarter. Quent Capital LLC now owns 1,003 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 310 shares during the last quarter. Optiver Holding B.V. lifted its stake in NiSource by 105.0% during the fourth quarter. Optiver Holding B.V. now owns 1,281 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 656 shares during the last quarter. Finally, Brooklyn Investment Group lifted its stake in NiSource by 57.3% during the first quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider's stock valued at $55,000 after purchasing an additional 499 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Barclays reissued an "overweight" rating and set a $44.00 target price (up from $42.00) on shares of NiSource in a research note on Monday, August 4th. Guggenheim increased their target price on shares of NiSource from $42.00 to $43.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Zacks Research raised shares of NiSource to a "hold" rating in a research note on Monday, August 11th. Wells Fargo & Company increased their target price on shares of NiSource from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, Wall Street Zen lowered shares of NiSource from a "hold" rating to a "sell" rating in a research note on Saturday, August 9th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.56.

NiSource Trading Up 0.3%

Shares of NI stock traded up $0.12 during trading hours on Friday, reaching $42.26. 1,755,787 shares of the stock traded hands, compared to its average volume of 3,828,737. NiSource, Inc has a 1-year low of $32.53 and a 1-year high of $43.51. The business has a fifty day moving average price of $41.33 and a 200 day moving average price of $39.97. The company has a quick ratio of 0.48, a current ratio of 0.59 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $19.90 billion, a PE ratio of 22.48, a PEG ratio of 2.86 and a beta of 0.53.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. NiSource had a net margin of 14.46% and a return on equity of 8.25%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The business also recently disclosed 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. This represents a $1.12 annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, October 31st. NiSource's dividend payout ratio is currently 59.57%.

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.