NiSource Inc. (NYSE:NI) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury reduced its holdings in NiSource Inc. (NYSE:NI - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 230,172 shares of the utilities provider's stock after selling 14,513 shares during the quarter. State of Tennessee Department of Treasury's holdings in NiSource were worth $8,461,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NI. Canada Post Corp Registered Pension Plan purchased a new position in shares of NiSource in the 4th quarter worth about $27,000. Brooklyn Investment Group lifted its position in NiSource by 153.2% in the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 527 shares in the last quarter. Spire Wealth Management bought a new stake in shares of NiSource in the 4th quarter worth $39,000. Catalyst Capital Advisors LLC purchased a new stake in shares of NiSource during the fourth quarter valued at $40,000. Finally, TD Waterhouse Canada Inc. lifted its stake in NiSource by 95.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,679 shares of the utilities provider's stock valued at $62,000 after acquiring an additional 821 shares during the period. Institutional investors own 91.64% of the company's stock.

Insider Buying and Selling

In other news, CAO Gunnar Gode sold 5,500 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $39.92, for a total value of $219,560.00. Following the transaction, the chief accounting officer now directly owns 24,758 shares of the company's stock, valued at approximately $988,339.36. This trade represents a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is owned by corporate insiders.

NiSource Stock Down 0.0 %

NI stock traded down $0.00 during trading on Tuesday, reaching $39.73. 901,301 shares of the company traded hands, compared to its average volume of 4,134,602. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 2.56 and a beta of 0.48. The business has a 50 day simple moving average of $39.24 and a 200 day simple moving average of $37.62. NiSource Inc. has a 12 month low of $27.46 and a 12 month 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 results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.05). NiSource had a return on equity of 7.87% and a net margin of 13.94%. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities research analysts anticipate that NiSource Inc. will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.12 annualized dividend and a yield of 2.82%. NiSource's payout ratio is presently 69.14%.

Analyst Ratings Changes

NI has been the topic of a number of research reports. BMO Capital Markets raised their price target on NiSource from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Monday. Wells Fargo & Company boosted their price target on NiSource from $39.00 to $43.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $42.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, April 24th. Mizuho raised their target price on NiSource from $42.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday, March 26th. Finally, Barclays increased their price objective on shares of NiSource from $38.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $41.11.

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.