2 weeks Ago By ABMN Staff
Duff & Phelps Investment Management Co. lowered its stake in NiSource Inc. ( NYSE:NI – Free Report ) by 1.
5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,032,503 shares of the utilities provider’s stock after selling 63,383 shares during the quarter. NiSource comprises 1.
5% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 17th largest position. Duff & Phelps Investment Management Co.
owned about 0.90% of NiSource worth $116,176,000 as of its most recent filing with the SEC. Several other hedge funds have also modified their holdings of the stock.
Zimmer Partners LP lifted its holdings in NiSource by 146.2% in the 1st quarter. Zimmer Partners LP now owns 8,907,743 shares of the utilities provider’s stock worth $246,388,000 after buying an additional 5,290,322 shares in the last quarter.
Balyasny Asset Management L.P. boosted its holdings in NiSource by 123.
6% in the fourth quarter. Balyasny Asset Management L.P.
now owns 5,593,854 shares of the utilities provider’s stock valued at $148,517,000 after purchasing an additional 3,092,138 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NiSource by 3.
6% in the fourth quarter. Vanguard Group Inc. now owns 53,955,258 shares of the utilities provider’s stock valued at $1,432,512,000 after purchasing an additional 1,850,842 shares during the last quarter.
1832 Asset Management L.P. raised its position in shares of NiSource by 3,195.
5% in the 4th quarter. 1832 Asset Management L.P.
now owns 1,811,447 shares of the utilities provider’s stock valued at $48,094,000 after purchasing an additional 1,756,480 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of NiSource by 68.1% during the 2nd quarter.
Bank of Montreal Can now owns 3,342,831 shares of the utilities provider’s stock valued at $96,407,000 after buying an additional 1,353,977 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
NiSource Price Performance Shares of NI opened at $34.38 on Friday. NiSource Inc.
has a one year low of $22.86 and a one year high of $34.56.
The stock’s fifty day moving average is $32.56 and its 200-day moving average is $29.74.
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 firm has a market capitalization of $15.41 billion, a price-to-earnings ratio of 22.
47, a price-to-earnings-growth ratio of 2.86 and a beta of 0.51.
NiSource Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.265 per share.
This represents a $1.06 annualized dividend and a dividend yield of 3.08%.
The ex-dividend date is Thursday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 69.28%.
Analyst Ratings Changes Several analysts recently issued reports on NI shares. Mizuho began coverage on shares of NiSource in a report on Thursday, July 11th. They issued an “outperform” rating and a $33.
00 price target on the stock. Bank of America started coverage on NiSource in a research note on Thursday, September 12th. They set a “buy” rating and a $37.
00 price objective on the stock. BMO Capital Markets boosted their target price on shares of NiSource from $34.00 to $36.
00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Barclays raised their price target on NiSource from $34.00 to $35.
00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Evercore ISI upped their price target on shares of NiSource from $32.00 to $34.
00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.
43. Get Our Latest Analysis on NI 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. Further Reading 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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