Ameritas Advisory Services LLC increased its position in shares of NiSource, Inc (NYSE:NI – Free Report) by 3,012.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,752 shares of the utilities provider’s stock after acquiring an additional 14,278 shares during the quarter. Ameritas Advisory Services LLC’s holdings in NiSource were worth $616,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in NiSource by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after purchasing an additional 1,032,630 shares in the last quarter. State Street Corp boosted its position in NiSource by 3.5% during the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock worth $1,107,647,000 after acquiring an additional 854,767 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of NiSource by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock valued at $367,852,000 after buying an additional 183,203 shares during the last quarter. Finally, Capital International Investors lifted its holdings in shares of NiSource by 15.1% during the 3rd quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after buying an additional 1,065,591 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.
NiSource Price Performance
NiSource stock opened at $46.32 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The firm has a market cap of $22.21 billion, a P/E ratio of 23.04, a P/E/G ratio of 3.70 and a beta of 0.57. The business’s fifty day moving average is $47.12 and its two-hundred day moving average is $44.70. NiSource, Inc has a 52 week low of $38.13 and a 52 week high of $48.98.
NiSource Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio is 59.70%.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday. Barclays lifted their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. BMO Capital Markets restated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Wells Fargo & Company boosted their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Evercore set a $52.00 price target on NiSource in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.33.
Check Out Our Latest Report on NiSource
NiSource Company Profile
NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.
The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.
Read More
- Five stocks we like better than NiSource
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
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 (NYSE:NI – Free Report).
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.com's FREE daily email newsletter.
