NiSource Inc. (NYSE:NI) Shares Sold by Newport Trust Company LLC

Newport Trust Company LLC lessened its holdings in NiSource Inc. (NYSE:NI - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,370,256 shares of the utilities provider's stock after selling 75,584 shares during the period. NiSource comprises approximately 0.4% of Newport Trust Company LLC's holdings, making the stock its 23rd biggest position. Newport Trust Company LLC owned approximately 1.54% of NiSource worth $169,130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in NiSource in the 4th quarter worth approximately $70,090,000. Truist Financial Corp raised its position in shares of NiSource by 303.4% during the 4th quarter. Truist Financial Corp now owns 814,955 shares of the utilities provider's stock valued at $21,637,000 after purchasing an additional 612,919 shares during the period. Maple Brown Abbott Ltd lifted its stake in shares of NiSource by 25.7% during the 4th quarter. Maple Brown Abbott Ltd now owns 2,786,453 shares of the utilities provider's stock valued at $73,980,000 after buying an additional 568,980 shares in the last quarter. Hudson Bay Capital Management LP bought a new position in NiSource in the 3rd quarter worth $13,918,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in NiSource by 65.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,191,000 shares of the utilities provider's stock worth $29,394,000 after buying an additional 469,500 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NI shares. Barclays upped their price objective on NiSource from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 14th. StockNews.com raised shares of NiSource from a "sell" rating to a "hold" rating in a report on Saturday, February 24th. BMO Capital Markets reissued an "outperform" rating and issued a $31.00 target price (up previously from $30.00) on shares of NiSource in a report on Thursday, May 9th. Finally, Evercore ISI raised their target price on shares of NiSource from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $29.71.

Insider Buying and Selling

In related news, SVP Melanie B. Berman sold 11,141 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total transaction of $297,019.06. Following the completion of the sale, the senior vice president now directly owns 23,720 shares of the company's stock, valued at approximately $632,375.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

NiSource Trading Down 0.4 %

NI traded down $0.11 on Monday, hitting $29.12. The company had a trading volume of 4,729,238 shares, compared to its average volume of 4,329,936. The business's fifty day simple moving average is $27.72 and its 200 day simple moving average is $26.66. The company has a quick ratio of 0.56, a current ratio of 0.66 and a debt-to-equity ratio of 1.20. NiSource Inc. has a 12-month low of $22.86 and a 12-month high of $29.40. The company has a market cap of $13.05 billion, a PE ratio of 19.03, a PEG ratio of 2.85 and a beta of 0.49.

NiSource (NYSE:NI - Get Free Report) last announced its earnings results on Wednesday, May 8th. The utilities provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.02. The firm had revenue of $1.71 billion during the quarter, compared to analysts' expectations of $2.07 billion. NiSource had a return on equity of 9.56% and a net margin of 14.23%. During the same quarter in the previous year, the business earned $0.77 EPS. Equities research analysts expect that NiSource Inc. will post 1.71 EPS for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Wednesday, July 31st will be issued a dividend of $0.265 per share. The ex-dividend date is Tuesday, July 30th. This represents a $1.06 annualized dividend and a yield of 3.64%. NiSource's payout ratio is 69.28%.

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.