2 weeks Ago By Defense World Staff
Kimelman & Baird LLC purchased a new position in shares of NiSource Inc. ( NYSE:NI – Free Report ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,500 shares of the utilities provider’s stock, valued at approximately $504,000.
A number of other hedge funds also recently bought and sold shares of NI. MCF Advisors LLC purchased a new stake in NiSource in the second quarter valued at $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of NiSource in the 2nd quarter valued at about $25,000.
First Financial Corp IN purchased a new stake in shares of NiSource in the 1st quarter valued at about $31,000. Crewe Advisors LLC acquired a new stake in shares of NiSource in the 1st quarter valued at about $31,000. Finally, Fidelis Capital Partners LLC purchased a new position in NiSource during the 1st quarter worth approximately $43,000.
Institutional investors and hedge funds own 91.64% of the company’s stock. NiSource Stock Up 0.
8 % NI stock opened at $34.38 on Monday. NiSource Inc.
has a one year low of $22.86 and a one year high of $34.56.
The company has a 50 day moving average price of $32.56 and a two-hundred day moving average price of $29.77.
The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.
78. The stock has a market capitalization of $15.41 billion, a P/E ratio of 22.
47, a PEG ratio of 2.86 and a beta of 0.51.
NiSource Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.265 per share.
The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 dividend on an annualized basis and a yield of 3.
08%. NiSource’s dividend payout ratio (DPR) is 69.28%.
Analyst Ratings Changes Several equities analysts recently issued reports on the company. Bank of America assumed coverage on NiSource in a research report on Thursday, September 12th. They issued a “buy” rating and a $37.
00 price target on the stock. Evercore ISI boosted their target price on NiSource from $32.00 to $34.
00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Mizuho initiated coverage on NiSource in a report on Thursday, July 11th. They set an “outperform” rating and a $33.
00 price target for the company. Barclays boosted their price objective on shares of NiSource from $34.00 to $35.
00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, BMO Capital Markets increased their target price on NiSource from $34.00 to $36.
00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.
43. Read Our Latest Stock Analysis on NiSource NiSource Profile ( Free Report ) 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. Featured Stories Five stocks we like better than NiSource Why is the Ex-Dividend Date Significant to Investors? 3 Bargain Stocks Under $20 With Major Growth Potential EV Stocks and How to Profit from Them Top 5 ETFs to Own Now and Into 2025 P/E Ratio Calculation: How to Assess Stocks Watch These 3 Former Short-Squeeze Stocks for a Big Rally Want to see what other hedge funds are holding NI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for NiSource Inc. ( NYSE:NI – Free Report ). Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.
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