GSA Capital Partners LLP decreased its position in shares of NiSource Inc. (NYSE:NI) by 56.0% during the fourth quarter, Holdings Channel reports. The fund owned 17,516 shares of the company’s stock after selling 22,274 shares during the period. GSA Capital Partners LLP’s holdings in NiSource were worth $388,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCI Wealth Advisors Inc. raised its stake in shares of NiSource by 0.5% in the third quarter. TCI Wealth Advisors Inc. now owns 4,694 shares of the company’s stock worth $113,000 after buying an additional 23 shares during the period. Advisory Services Network LLC raised its stake in shares of NiSource by 15.5% in the third quarter. Advisory Services Network LLC now owns 4,853 shares of the company’s stock worth $117,000 after buying an additional 653 shares during the period. Financial Architects Inc raised its stake in shares of NiSource by 4,163.5% in the third quarter. Financial Architects Inc now owns 4,903 shares of the company’s stock worth $118,000 after buying an additional 4,788 shares during the period. Global X Management Co. LLC raised its stake in shares of NiSource by 69.9% in the third quarter. Global X Management Co. LLC now owns 6,250 shares of the company’s stock worth $151,000 after buying an additional 2,571 shares during the period. Finally, Wedbush Securities Inc. raised its stake in shares of NiSource by 2.8% in the third quarter. Wedbush Securities Inc. now owns 8,458 shares of the company’s stock worth $204,000 after buying an additional 228 shares during the period. Institutional investors own 83.27% of the company’s stock.
Shares of NiSource Inc. (NYSE:NI) opened at 23.87 on Friday. NiSource Inc. has a 1-year low of $21.17 and a 1-year high of $26.94. The stock has a 50 day moving average of $23.18 and a 200 day moving average of $22.76. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 23.38 and a beta of 0.29.
NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.01. NiSource had a return on equity of 8.76% and a net margin of 6.87%. During the same quarter in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that NiSource Inc. will post $1.16 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Stockholders of record on Friday, April 28th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Wednesday, April 26th. NiSource’s dividend payout ratio is 76.09%.
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NI has been the subject of a number of recent research reports. Guggenheim upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a research note on Monday, January 9th. Citigroup Inc upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a research note on Wednesday, December 14th. Zacks Investment Research upgraded shares of NiSource from a “sell” rating to a “hold” rating and set a $26.00 price target for the company in a research note on Friday, March 10th. Goldman Sachs Group Inc initiated coverage on shares of NiSource in a research note on Thursday, December 15th. They set a “neutral” rating and a $23.00 price target for the company. Finally, US Capital Advisors upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $24.97.
In related news, EVP Carrie J. Hightman sold 24,000 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was sold at an average price of $23.28, for a total value of $558,720.00. Following the completion of the sale, the executive vice president now owns 409,199 shares of the company’s stock, valued at $9,526,152.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael E. Jesanis purchased 12,000 shares of the company’s stock in a transaction that occurred on Monday, January 9th. The stock was acquired at an average cost of $22.53 per share, with a total value of $270,360.00. Following the purchase, the director now directly owns 26,725 shares of the company’s stock, valued at $602,114.25. The disclosure for this purchase can be found here. 0.32% of the stock is currently owned by company insiders.
NiSource Company Profile
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.
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