2 weeks Ago By Defense World Staff
Dimensional Fund Advisors LP boosted its stake in shares of NiSource Inc. ( NYSE:NI – Free Report ) by 7.3% in the second quarter, according to its most recent disclosure with the SEC.
The firm owned 2,323,998 shares of the utilities provider’s stock after acquiring an additional 157,236 shares during the period. Dimensional Fund Advisors LP owned about 0.52% of NiSource worth $66,958,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in NI. MCF Advisors LLC acquired a new stake in shares of NiSource in the second quarter valued at about $25,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of NiSource in the second quarter valued at about $25,000.
First Financial Corp IN purchased a new stake in shares of NiSource in the first quarter valued at about $31,000. Crewe Advisors LLC purchased a new stake in shares of NiSource in the first quarter valued at about $31,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of NiSource in the first quarter valued at about $43,000.
91.64% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Several research analysts have weighed in on NI shares.
BMO Capital Markets increased their target price on shares of NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th.
Barclays increased their target price on shares of NiSource from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th.
Evercore ISI increased their target price on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th.
Bank of America started coverage on shares of NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.00 target price for the company.
Finally, Mizuho initiated coverage on shares of NiSource in a research note on Thursday, July 11th. They set an “outperform” rating and a $33.00 target price for the company.
One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $32.
43. NiSource Stock Performance Shares of NI opened at $34.38 on Friday.
The company has a current ratio of 0.78, a quick ratio of 0.63 and a debt-to-equity ratio of 1.
30. The firm has a market cap of $15.41 billion, a PE ratio of 22.
47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.
The company’s 50 day simple moving average is $32.56 and its 200-day simple moving average is $29.72.
NiSource Inc. has a 12-month low of $22.86 and a 12-month high of $34.
56. NiSource ( NYSE:NI – Get Free Report ) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.
21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06.
The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.16 billion.
NiSource had a net margin of 14.76% and a return on equity of 9.15%.
During the same period last year, the firm posted $0.11 earnings per share. As a group, equities analysts predict that NiSource Inc.
will post 1.72 EPS for the current year. NiSource Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th.
Investors of record on Thursday, October 31st will be given a $0.265 dividend. 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%. NiSource Company 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.
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