3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC cut its stake in NiSource Inc. ( NYSE:NI – Free Report ) by 16.5% in the 4th quarter, according to its most recent disclosure with the SEC.
The institutional investor owned 5,305 shares of the utilities provider’s stock after selling 1,051 shares during the period. CIBC Private Wealth Group LLC’s holdings in NiSource were worth $193,000 as of its most recent SEC filing. A number of other institutional investors have also added to or reduced their stakes in the company.
Securian Asset Management Inc. boosted its holdings in shares of NiSource by 1.1% in the 4th quarter.
Securian Asset Management Inc. now owns 25,087 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 282 shares in the last quarter. Aviso Financial Inc.
boosted its stake in NiSource by 1.0% in the fourth quarter. Aviso Financial Inc.
now owns 31,450 shares of the utilities provider’s stock worth $1,156,000 after buying an additional 300 shares in the last quarter. Northwest & Ethical Investments L.P.
grew its position in NiSource by 5.6% during the fourth quarter. Northwest & Ethical Investments L.
P. now owns 5,648 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 300 shares during the last quarter. AMG National Trust Bank raised its stake in shares of NiSource by 0.
6% during the fourth quarter. AMG National Trust Bank now owns 48,716 shares of the utilities provider’s stock worth $1,788,000 after acquiring an additional 308 shares in the last quarter. Finally, Coldstream Capital Management Inc.
lifted its holdings in shares of NiSource by 4.1% in the 3rd quarter. Coldstream Capital Management Inc.
now owns 10,457 shares of the utilities provider’s stock worth $363,000 after acquiring an additional 414 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.
NiSource Stock Down 6.3 % Shares of NYSE:NI opened at $37.23 on Monday.
The stock’s 50-day moving average is $39.09 and its 200 day moving average is $37.09.
The company has a market cap of $17.49 billion, a PE ratio of 22.98, a P/E/G ratio of 2.
56 and a beta of 0.48. The company has a debt-to-equity ratio of 1.
13, a current ratio of 0.51 and a quick ratio of 0.41.
NiSource Inc. has a 1 year low of $26.26 and a 1 year high of $41.
45. NiSource Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be given a $0.
28 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.
12 annualized dividend and a dividend yield of 3.01%. NiSource’s dividend payout ratio is 69.
14%. Insider Activity In other news, CAO Gunnar Gode sold 5,500 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $39.
92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now owns 24,758 shares of the company’s stock, valued at approximately $988,339.
36. This represents a 18.18 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Insiders own 0.13% of the company’s stock.
Analyst Upgrades and Downgrades Several research firms recently commented on NI. Mizuho increased their target price on shares of NiSource from $42.00 to $44.
00 and gave the company an “outperform” rating in a report on Wednesday, March 26th. Wells Fargo & Company lifted their price objective on NiSource from $39.00 to $43.
00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, UBS Group increased their target price on NiSource from $40.00 to $45.
00 and gave the company a “buy” rating in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $39.33.
Get Our Latest Stock Analysis on NiSource About NiSource ( 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 Articles 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.com's FREE daily email newsletter .
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