DekaBank Deutsche Girozentrale Has $7.09 Million Stake in NiSource, Inc $NI

DekaBank Deutsche Girozentrale grew its position in NiSource, Inc (NYSE:NI) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 177,545 shares of the utilities provider’s stock after purchasing an additional 245 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in NiSource were worth $7,086,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. LPL Financial LLC grew its position in NiSource by 29.9% during the first quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after buying an additional 53,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in NiSource by 90.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock worth $3,223,000 after buying an additional 38,237 shares in the last quarter. Lincoln Capital Corp acquired a new stake in NiSource during the first quarter worth approximately $2,556,000. Allspring Global Investments Holdings LLC grew its position in NiSource by 179.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 60,375 shares of the utilities provider’s stock worth $2,419,000 after buying an additional 38,760 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in NiSource by 14.0% during the first quarter. Asset Management One Co. Ltd. now owns 358,469 shares of the utilities provider’s stock worth $14,371,000 after buying an additional 43,947 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NI. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Barclays increased their price target on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI increased their price target on NiSource from $45.00 to $46.00 and gave the stock an “in-line” rating in a research report on Monday, October 20th. Jefferies Financial Group downgraded NiSource from a “buy” rating to a “hold” rating and reduced their target price for the company from $48.00 to $44.00 in a report on Friday, September 5th. Finally, BMO Capital Markets raised their target price on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average target price of $44.78.

NiSource Trading Down 0.4%

Shares of NI stock opened at $43.69 on Friday. The stock’s fifty day moving average price is $42.24 and its two-hundred day moving average price is $40.72. The company has a market cap of $20.57 billion, a PE ratio of 23.24, a P/E/G ratio of 3.24 and a beta of 0.60. NiSource, Inc has a fifty-two week low of $34.23 and a fifty-two week high of $44.51. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.48 and a current ratio of 0.59.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. NiSource had a return on equity of 8.25% and a net margin of 14.46%.The company had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned $0.21 EPS. Equities analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 31st. NiSource’s dividend payout ratio is presently 59.57%.

About NiSource

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.