Nissay Asset Management Corp Japan ADV Has $2.43 Million Holdings in NiSource Inc. (NI)

Nissay Asset Management Corp Japan ADV raised its holdings in NiSource Inc. (NYSE:NI) by 165.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 84,679 shares of the utilities provider’s stock after buying an additional 52,753 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in NiSource were worth $2,427,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NI. First Republic Investment Management Inc. grew its holdings in shares of NiSource by 3.0% in the 1st quarter. First Republic Investment Management Inc. now owns 13,113 shares of the utilities provider’s stock worth $376,000 after purchasing an additional 380 shares during the last quarter. Wetherby Asset Management Inc. grew its holdings in shares of NiSource by 4.4% in the 4th quarter. Wetherby Asset Management Inc. now owns 9,826 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 414 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of NiSource by 12.7% in the 4th quarter. Trust Co. of Vermont now owns 3,685 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 414 shares during the last quarter. LPL Financial LLC grew its holdings in shares of NiSource by 2.3% in the 4th quarter. LPL Financial LLC now owns 22,766 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 518 shares during the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of NiSource by 6.0% in the 4th quarter. Advisor Group Inc. now owns 9,292 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 524 shares during the last quarter. 94.09% of the stock is currently owned by hedge funds and other institutional investors.

NI has been the topic of several analyst reports. TheStreet raised shares of NiSource from a “c+” rating to a “b-” rating in a report on Monday. Goldman Sachs Group raised shares of NiSource from a “neutral” rating to a “buy” rating and upped their target price for the stock from $26.00 to $29.00 in a report on Monday, April 8th. ValuEngine raised shares of NiSource from a “hold” rating to a “buy” rating in a report on Friday, March 1st. KeyCorp reaffirmed a “buy” rating and issued a $28.50 target price on shares of NiSource in a report on Tuesday, February 5th. Finally, Zacks Investment Research raised shares of NiSource from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. NiSource presently has a consensus rating of “Hold” and an average price target of $27.87.

Shares of NYSE NI opened at $28.04 on Thursday. The stock has a market cap of $10.48 billion, a P/E ratio of 21.57, a P/E/G ratio of 3.68 and a beta of 0.26. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.42 and a current ratio of 0.48. NiSource Inc. has a 12-month low of $23.23 and a 12-month high of $28.85.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.05. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. NiSource had a negative net margin of 2.06% and a positive return on equity of 10.76%. During the same quarter in the prior year, the company earned $0.77 EPS. On average, sell-side analysts forecast that NiSource Inc. will post 1.3 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Wednesday, July 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.80 annualized dividend and a yield of 2.85%. NiSource’s dividend payout ratio (DPR) is 61.54%.

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NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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