Nisa Investment Advisors LLC Sells 4,651 Shares of NiSource, Inc $NI

Nisa Investment Advisors LLC decreased its position in NiSource, Inc (NYSE:NI) by 3.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 131,822 shares of the utilities provider’s stock after selling 4,651 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NiSource were worth $5,318,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NI. Sumitomo Mitsui Trust Group Inc. raised its holdings in NiSource by 2.0% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,054,689 shares of the utilities provider’s stock worth $42,282,000 after acquiring an additional 20,935 shares during the period. Amalgamated Bank increased its position in NiSource by 2.9% in the 1st quarter. Amalgamated Bank now owns 93,155 shares of the utilities provider’s stock worth $3,735,000 after buying an additional 2,650 shares during the period. Mather Group LLC. increased its position in NiSource by 13.0% in the 1st quarter. Mather Group LLC. now owns 5,189 shares of the utilities provider’s stock worth $208,000 after buying an additional 597 shares during the period. Lincoln Capital Corp bought a new position in NiSource in the 1st quarter worth approximately $2,556,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in NiSource by 2.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,607 shares of the utilities provider’s stock worth $2,229,000 after acquiring an additional 1,339 shares during the period. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NYSE:NI opened at $43.45 on Wednesday. The business’s fifty day moving average price is $42.31 and its two-hundred day moving average price is $40.84. NiSource, Inc has a fifty-two week low of $34.23 and a fifty-two week high of $44.51. The stock has a market capitalization of $20.46 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.59 and a quick ratio of 0.48.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a net margin of 14.46% and a return on equity of 8.25%. During the same quarter in the prior year, the firm earned $0.21 EPS. As a group, analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of NiSource to a “hold” rating in a research report on Monday, August 11th. Evercore ISI boosted their price target on NiSource from $45.00 to $46.00 and gave the company an “in-line” rating in a research note on Monday, October 20th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. BMO Capital Markets boosted their price objective on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

NiSource Company 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.