Tema Etfs LLC Invests $414,000 in NiSource Inc. (NYSE:NI)

Tema Etfs LLC acquired a new stake in NiSource Inc. (NYSE:NI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,256 shares of the utilities provider's stock, valued at approximately $414,000.

A number of other large investors have also recently made changes to their positions in NI. Canada Post Corp Registered Pension Plan purchased a new stake in shares of NiSource in the fourth quarter valued at about $27,000. Brooklyn Investment Group raised its holdings in shares of NiSource by 153.2% in the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 527 shares during the last quarter. Spire Wealth Management purchased a new stake in shares of NiSource in the fourth quarter valued at about $39,000. Catalyst Capital Advisors LLC purchased a new stake in shares of NiSource in the fourth quarter valued at about $40,000. Finally, Optiver Holding B.V. raised its holdings in shares of NiSource by 105.0% in 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. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on NI shares. JPMorgan Chase & Co. raised their price objective on shares of NiSource from $42.00 to $43.00 and gave the stock an "overweight" rating in a report on Thursday, April 24th. BMO Capital Markets raised their price objective on shares of NiSource from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Monday, April 28th. UBS Group raised their price objective on shares of NiSource from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, March 21st. Barclays raised their price objective on shares of NiSource from $38.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, April 25th. Finally, Guggenheim raised their price objective on shares of NiSource from $42.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Ten research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $41.50.

Insider Activity

In other news, Director Michael E. Jesanis sold 6,178 shares of the business's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $37.81, for a total transaction of $233,590.18. Following the completion of the transaction, the director now directly owns 18,541 shares in the company, valued at $701,035.21. The trade was a 24.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.24% of the company's stock.

NiSource Stock Performance

NI stock traded up $0.51 during midday trading on Friday, reaching $39.01. 3,073,894 shares of the company's stock traded hands, compared to its average volume of 4,162,775. The firm has a market capitalization of $18.36 billion, a PE ratio of 24.08, a price-to-earnings-growth ratio of 2.56 and a beta of 0.53. The company has a 50-day moving average price of $39.07 and a two-hundred day moving average price of $38.16. NiSource Inc. has a 52 week low of $27.60 and a 52 week high of $41.45. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.41 and a current ratio of 0.51.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.08. NiSource had a return on equity of 7.87% and a net margin of 13.94%. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.32 billion. During the same period in the previous year, the company posted $0.85 EPS. As a group, equities analysts anticipate that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 31st. NiSource's dividend payout ratio is presently 60.54%.

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.