1 week Ago By ABMN Staff
National Bank of Canada FI raised its holdings in NiSource Inc. ( NYSE:NI – Free Report ) by 9.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The firm owned 536,198 shares of the utilities provider’s stock after buying an additional 45,258 shares during the quarter. National Bank of Canada FI’s holdings in NiSource were worth $15,386,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of NI.
TD Asset Management Inc raised its position in shares of NiSource by 8.4% in the 2nd quarter. TD Asset Management Inc now owns 1,865,926 shares of the utilities provider’s stock worth $53,757,000 after buying an additional 144,197 shares during the period.
Oregon Public Employees Retirement Fund increased its holdings in NiSource by 8.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 38,481 shares of the utilities provider’s stock valued at $1,109,000 after purchasing an additional 3,110 shares in the last quarter.
Rhumbline Advisers grew its stake in shares of NiSource by 6.9% in the second quarter. Rhumbline Advisers now owns 903,951 shares of the utilities provider’s stock valued at $26,043,000 after buying an additional 58,319 shares in the last quarter.
CIBC Asset Management Inc raised its holdings in shares of NiSource by 2.0% during the 2nd quarter. CIBC Asset Management Inc now owns 60,205 shares of the utilities provider’s stock valued at $1,735,000 after buying an additional 1,159 shares during the period.
Finally, Elevated Capital Advisors LLC acquired a new position in NiSource during the 2nd quarter worth approximately $896,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
Wall Street Analysts Forecast Growth A number of brokerages have commented on NI. Barclays boosted their price objective on shares of NiSource from $34.00 to $35.
00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Evercore ISI raised their price objective on NiSource from $32.00 to $34.
00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Mizuho started coverage on NiSource in a research report on Thursday, July 11th. They issued an “outperform” rating and a $33.
00 target price on the stock. Finally, BMO Capital Markets increased their target price on NiSource from $31.00 to $32.
00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.
00. NiSource Trading Down 0.6 % NiSource stock opened at $33.
20 on Friday. NiSource Inc. has a 52-week low of $22.
86 and a 52-week high of $33.56. The company has a quick ratio of 0.
63, a current ratio of 0.78 and a debt-to-equity ratio of 1.30.
The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.
20 and a beta of 0.50. The firm has a 50-day moving average price of $31.
19 and a two-hundred day moving average price of $28.95. NiSource ( NYSE:NI – Get Free Report ) last posted its earnings results on Wednesday, August 7th.
The utilities provider reported $0.21 EPS for the quarter, beating the consensus estimate of $0.15 by $0.
06. NiSource had a return on equity of 9.15% and a net margin of 14.
76%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.
16 billion. During the same period last year, the firm earned $0.11 EPS.
Sell-side analysts expect that NiSource Inc. will post 1.72 earnings per share for the current year.
NiSource Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be issued a $0.265 dividend.
This represents a $1.06 annualized dividend and a yield of 3.19%.
The ex-dividend date is Thursday, October 31st. NiSource’s payout ratio is currently 69.28%.
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. Further Reading 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.
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