NiSource, Inc (NI) Shares Bought by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC boosted its position in NiSource, Inc (NYSE:NI) by 12.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,016,266 shares of the utilities provider’s stock after purchasing an additional 116,328 shares during the period. Parametric Portfolio Associates LLC owned about 0.31% of NiSource worth $25,773,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in NiSource by 16.2% in the first quarter. UBS Asset Management Americas Inc. now owns 1,036,243 shares of the utilities provider’s stock worth $24,652,000 after buying an additional 144,730 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of NiSource by 34.7% in the first quarter. Ameriprise Financial Inc. now owns 441,046 shares of the utilities provider’s stock valued at $10,493,000 after buying an additional 113,613 shares during the period. State of Wisconsin Investment Board raised its stake in shares of NiSource by 40.0% in the first quarter. State of Wisconsin Investment Board now owns 138,086 shares of the utilities provider’s stock valued at $3,285,000 after buying an additional 39,478 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of NiSource by 7.1% in the first quarter. Mutual of America Capital Management LLC now owns 64,715 shares of the utilities provider’s stock valued at $1,540,000 after buying an additional 4,269 shares during the period. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of NiSource in the first quarter valued at $183,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
In related news, Director Michael E. Jesanis bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average cost of $26.44 per share, with a total value of $52,880.00. Following the acquisition, the director now owns 34,195 shares in the company, valued at $904,115.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.35% of the company’s stock.
NiSource, Inc (NYSE NI) opened at 25.59 on Monday. The stock has a 50 day moving average price of $26.75 and a 200 day moving average price of $25.30. NiSource, Inc has a 12 month low of $21.17 and a 12 month high of $27.29. The stock has a market capitalization of $8.34 billion, a PE ratio of 29.69 and a beta of 0.37.
NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. NiSource had a net margin of 5.96% and a return on equity of 9.17%. The business had revenue of $990.70 million for the quarter, compared to analysts’ expectations of $934.95 million. During the same quarter last year, the company posted $0.09 EPS. On average, equities research analysts forecast that NiSource, Inc will post $1.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, October 31st will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.70 annualized dividend and a dividend yield of 2.74%. NiSource’s dividend payout ratio (DPR) is 81.40%.
A number of brokerages have recently commented on NI. KeyCorp reaffirmed a “buy” rating and set a $29.50 price target on shares of NiSource in a research report on Friday, September 1st. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Friday, September 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $23.00 price objective on shares of NiSource in a report on Friday, July 14th. Credit Suisse Group raised NiSource from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $25.00 to $29.00 in a report on Monday, August 14th. Finally, Wells Fargo & Company started coverage on NiSource in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $30.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $26.72.
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
Receive News & Stock Ratings for NiSource Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource Inc and related stocks with our FREE daily email newsletter.