NumerixS Investment Technologies Inc cut its stake in NiSource Inc. (NYSE:NI) by 70.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,400 shares of the utilities provider’s stock after selling 17,275 shares during the quarter. NumerixS Investment Technologies Inc’s holdings in NiSource were worth $212,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NI. Swiss National Bank grew its position in shares of NiSource by 4.9% in the first quarter. Swiss National Bank now owns 1,329,900 shares of the utilities provider’s stock valued at $38,115,000 after purchasing an additional 62,700 shares in the last quarter. Norinchukin Bank The lifted its stake in NiSource by 6.2% during the first quarter. Norinchukin Bank The now owns 70,698 shares of the utilities provider’s stock worth $2,026,000 after purchasing an additional 4,149 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in NiSource by 42.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,354 shares of the utilities provider’s stock worth $96,000 after purchasing an additional 998 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of NiSource by 3.4% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 56,602 shares of the utilities provider’s stock worth $1,622,000 after acquiring an additional 1,863 shares during the period. Finally, Commonwealth Bank of Australia increased its position in shares of NiSource by 32.7% during the first quarter. Commonwealth Bank of Australia now owns 5,318,979 shares of the utilities provider’s stock worth $152,428,000 after acquiring an additional 1,309,337 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

NI stock traded up $0.38 on Wednesday, hitting $28.55. 84,811 shares of the company’s stock traded hands, compared to its average volume of 2,856,445. NiSource Inc. has a 1-year low of $23.24 and a 1-year high of $28.89. The firm has a market cap of $10.65 billion, a PE ratio of 21.95, a P/E/G ratio of 3.72 and a beta of 0.25. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.48 and a quick ratio of 0.42.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates 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 previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts expect that NiSource Inc. will post 1.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Wednesday, July 31st will be paid 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 dividend yield of 2.80%. NiSource’s dividend payout ratio (DPR) is 61.54%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. ValuEngine upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and lifted their price target for the company from $26.00 to $29.00 in a research report on Monday, April 8th. Bank of America cut shares of NiSource from a “buy” rating to a “neutral” rating and set a $27.37 price objective for the company. in a research note on Monday, April 22nd. Finally, TheStreet raised shares of NiSource from a “c+” rating to a “b-” rating in a research note on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $27.87.

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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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