NiSource, Inc (NI) Holdings Trimmed by Brookfield Asset Management Inc.

Brookfield Asset Management Inc. reduced its stake in shares of NiSource, Inc (NYSE:NI) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,941,279 shares of the utilities provider’s stock after selling 31,600 shares during the period. Brookfield Asset Management Inc. owned about 0.60% of NiSource worth $49,231,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new position in NiSource during the 2nd quarter worth $63,874,000. Sentry Investment Management LLC grew its holdings in NiSource by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 24,853 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 266 shares in the last quarter. Toronto Dominion Bank grew its holdings in NiSource by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 109,571 shares of the utilities provider’s stock worth $2,779,000 after acquiring an additional 22,294 shares in the last quarter. Advisory Services Network LLC grew its holdings in NiSource by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 200 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in NiSource during the 2nd quarter worth $6,448,000. 81.94% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “NiSource, Inc (NI) Holdings Trimmed by Brookfield Asset Management Inc.” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/20/nisource-inc-ni-holdings-trimmed-by-brookfield-asset-management-inc.html.

In other NiSource news, Director Michael E. Jesanis purchased 2,000 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $26.44 per share, with a total value of $52,880.00. Following the acquisition, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $904,115.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

NiSource, Inc (NI) traded down 0.22% on Friday, hitting $26.70. 289,912 shares of the stock traded hands. The stock has a 50-day moving average of $26.33 and a 200-day moving average of $25.66. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 30.97 and a beta of 0.36. NiSource, Inc has a 12-month low of $21.17 and a 12-month high of $27.29.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $990.70 million for the quarter, compared to analyst estimates of $934.95 million. NiSource had a net margin of 5.96% and a return on equity of 9.17%. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts forecast that NiSource, Inc will post $1.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, October 31st will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 81.40%.

Several research analysts have weighed in on the stock. KeyCorp reissued a “buy” rating and set a $29.50 price objective on shares of NiSource in a report on Friday. Credit Suisse Group raised shares of NiSource from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $29.00 in a report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $23.00 price objective on shares of NiSource in a report on Friday, July 14th. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co raised their price objective on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Seven investment analysts have rated the stock wi

A number of other hedge funds also recently made changes to their positions in the business. Lord Abbett & CO. LLC acquired a new position in NiSource during the 2nd quarter worth $63,874,000. Sentry Investment Management LLC grew its holdings in NiSource by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 24,853 shares of the utilities provider’s stock worth $630,000 after acquiring an additional 266 shares in the last quarter. Toronto Dominion Bank grew its holdings in NiSource by 25.5% during the 2nd quarter. Toronto Dominion Bank now owns 109,571 shares of the utilities provider’s stock worth $2,779,000 after acquiring an additional 22,294 shares in the last quarter. Advisory Services Network LLC grew its holdings in NiSource by 4.4% during the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 200 shares in the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new position in NiSource during the 2nd quarter worth $6,448,000. 81.94% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “NiSource, Inc (NI) Holdings Trimmed by Brookfield Asset Management Inc.” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/20/nisource-inc-ni-holdings-trimmed-by-brookfield-asset-management-inc.html.

In other NiSource news, Director Michael E. Jesanis purchased 2,000 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $26.44 per share, with a total value of $52,880.00. Following the acquisition, the director now directly owns 34,195 shares of the company’s stock, valued at approximately $904,115.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.35% of the company’s stock.

NiSource, Inc (NI) traded down 0.22% on Friday, hitting $26.70. 289,912 shares of the stock traded hands. The stock has a 50-day moving average of $26.33 and a 200-day moving average of $25.66. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 30.97 and a beta of 0.36. NiSource, Inc has a 12-month low of $21.17 and a 12-month high of $27.29.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $990.70 million for the quarter, compared to analyst estimates of $934.95 million. NiSource had a net margin of 5.96% and a return on equity of 9.17%. During the same quarter in the previous year, the firm posted $0.09 EPS. Analysts forecast that NiSource, Inc will post $1.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Tuesday, October 31st will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 81.40%.

Several research analysts have weighed in on the stock. KeyCorp reissued a “buy” rating and set a $29.50 price objective on shares of NiSource in a report on Friday. Credit Suisse Group raised shares of NiSource from an “underperform” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $29.00 in a report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and set a $23.00 price objective on shares of NiSource in a report on Friday, July 14th. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, J P Morgan Chase & Co raised their price objective on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.75.

NiSource Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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