Asset Management One Co. Ltd. Raises Stock Holdings in NiSource Inc. (NYSE:NI)

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Asset Management One Co. Ltd. increased its stake in NiSource Inc. (NYSE:NI) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,531 shares of the utilities provider’s stock after acquiring an additional 8,653 shares during the period. Asset Management One Co. Ltd. owned approximately 0.09% of NiSource worth $9,661,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NI. Carroll Financial Associates Inc. lifted its holdings in shares of NiSource by 2.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 12,053 shares of the utilities provider’s stock worth $347,000 after acquiring an additional 343 shares during the period. Cornerstone Advisors Inc. raised its position in NiSource by 36.9% during the second quarter. Cornerstone Advisors Inc. now owns 1,303 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 351 shares in the last quarter. US Bancorp DE increased its holdings in shares of NiSource by 0.7% in the second quarter. US Bancorp DE now owns 54,191 shares of the utilities provider’s stock valued at $1,560,000 after purchasing an additional 365 shares during the last quarter. World Asset Management Inc increased its holdings in shares of NiSource by 1.6% in the second quarter. World Asset Management Inc now owns 23,895 shares of the utilities provider’s stock valued at $688,000 after purchasing an additional 373 shares during the last quarter. Finally, 6 Meridian increased its holdings in shares of NiSource by 2.1% in the second quarter. 6 Meridian now owns 18,265 shares of the utilities provider’s stock valued at $526,000 after purchasing an additional 382 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.

Several equities analysts recently commented on the stock. Credit Suisse Group downgraded shares of NiSource from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 7th. Wolfe Research cut shares of NiSource from an “outperform” rating to a “peer perform” rating in a report on Monday, August 5th. Argus raised shares of NiSource from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. NiSource presently has an average rating of “Hold” and an average price target of $28.48.

In other NiSource news, Director Michael E. Jesanis sold 4,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $29.96, for a total transaction of $119,840.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,168,350.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Violet Sistovaris sold 40,405 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $29.16, for a total value of $1,178,209.80. Following the transaction, the executive vice president now owns 105,927 shares in the company, valued at $3,088,831.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,405 shares of company stock valued at $2,768,990. Insiders own 0.35% of the company’s stock.

NYSE:NI traded up $0.13 on Friday, reaching $29.14. 2,180,720 shares of the stock traded hands, compared to its average volume of 2,466,055. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 4.15 and a beta of 0.23. The company’s 50 day moving average is $29.47 and its 200-day moving average is $28.81. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.40. NiSource Inc. has a 1-year low of $24.19 and a 1-year high of $30.67.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, July 31st. The utilities provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.06 billion. NiSource had a net margin of 3.15% and a return on equity of 10.60%. During the same quarter last year, the firm posted $0.07 EPS. On average, equities research analysts forecast that NiSource Inc. will post 1.3 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Wednesday, October 30th. NiSource’s dividend payout ratio (DPR) is 61.54%.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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