Vanguard Personalized Indexing Management LLC boosted its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 16.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,222 shares of the utilities provider's stock after buying an additional 6,969 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in NiSource were worth $1,945,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in NI. Ameritas Advisory Services LLC bought a new position in shares of NiSource during the second quarter worth about $32,000. Larson Financial Group LLC increased its position in NiSource by 48.8% during the 1st 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 period. Trust Co. of Toledo NA OH bought a new position in NiSource during the 2nd quarter worth approximately $40,000. Brooklyn Investment Group lifted its position in shares of NiSource by 57.3% in the 1st quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider's stock worth $55,000 after purchasing an additional 499 shares during the period. Finally, Hemington Wealth Management boosted its stake 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 purchasing an additional 438 shares during the last quarter. Institutional investors own 91.64% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently weighed in on NI shares. Barclays reissued an "overweight" rating and set a $44.00 target price (up previously from $42.00) on shares of NiSource in a research note on Monday, August 4th. Evercore ISI began coverage on NiSource in a research note on Monday, October 6th. They issued an "in-line" rating and a $45.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NiSource in a research note on Wednesday, October 8th. BMO Capital Markets lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Finally, Wall Street Zen cut NiSource from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Eight research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $44.44.
Get Our Latest Stock Report on NiSource
NiSource Stock Down 0.7%
NI stock opened at $43.24 on Friday. The stock's 50 day simple moving average is $42.07 and its 200 day simple moving average is $40.51. The company has a market cap of $20.36 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 3.21 and a beta of 0.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.48 and a current ratio of 0.59. NiSource, Inc has a fifty-two week low of $34.23 and a fifty-two week high of $44.51.
NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. NiSource had a return on equity of 8.25% and a net margin of 14.46%.The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, research analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.
NiSource Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 31st. NiSource's payout ratio is 59.57%.
NiSource Profile
(
Free Report)
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.
Further Reading
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