Teachers Retirement System of The State of Kentucky lessened its position in NiSource Inc. (NYSE:NI) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,797 shares of the utilities provider’s stock after selling 3,862 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in NiSource were worth $1,868,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of NI. First Republic Investment Management Inc. raised its holdings in shares of NiSource by 15.7% during the third quarter. First Republic Investment Management Inc. now owns 14,300 shares of the utilities provider’s stock valued at $365,000 after purchasing an additional 1,941 shares during the last quarter. GWM Advisors LLC raised its holdings in shares of NiSource by 4.3% during the fourth quarter. GWM Advisors LLC now owns 54,505 shares of the utilities provider’s stock valued at $1,363,000 after purchasing an additional 2,244 shares during the last quarter. FDx Advisors Inc. raised its holdings in shares of NiSource by 25.4% during the fourth quarter. FDx Advisors Inc. now owns 11,615 shares of the utilities provider’s stock valued at $298,000 after purchasing an additional 2,353 shares during the last quarter. Stephens Inc. AR raised its holdings in shares of NiSource by 20.1% during the third quarter. Stephens Inc. AR now owns 14,158 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 2,370 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of NiSource by 10.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,502 shares of the utilities provider’s stock valued at $678,000 after purchasing an additional 2,472 shares during the last quarter. Hedge funds and other institutional investors own 86.96% of the company’s stock.
Shares of NiSource Inc. (NI) opened at $23.24 on Tuesday. NiSource Inc. has a twelve month low of $22.44 and a twelve month high of $27.76. The company has a market cap of $7,905.54, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 3.31 and a beta of 0.30. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.74.
NiSource (NYSE:NI) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. NiSource had a net margin of 2.64% and a return on equity of 8.90%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company earned $0.33 earnings per share. equities research analysts predict that NiSource Inc. will post 1.29 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were paid a $0.195 dividend. The ex-dividend date was Thursday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.36%. NiSource’s dividend payout ratio is 200.01%.
Several research analysts have recently weighed in on NI shares. Citigroup boosted their price objective on shares of NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a report on Monday, November 20th. Edward Jones raised shares of NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Thursday, January 4th. Goldman Sachs raised shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, January 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $27.00 target price on shares of NiSource in a report on Friday, February 23rd. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $27.00.
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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.
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