NiSource Inc. (NYSE:NI) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its position in shares of NiSource Inc. (NYSE:NIGet Rating) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,811 shares of the utilities provider’s stock after selling 7,039 shares during the period. Amalgamated Bank’s holdings in NiSource were worth $4,096,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in NiSource by 10.9% during the 1st quarter. Vanguard Group Inc. now owns 52,613,623 shares of the utilities provider’s stock worth $1,673,113,000 after acquiring an additional 5,153,843 shares in the last quarter. BlackRock Inc. lifted its stake in NiSource by 2.1% during the 4th quarter. BlackRock Inc. now owns 51,114,664 shares of the utilities provider’s stock worth $1,411,276,000 after acquiring an additional 1,059,839 shares in the last quarter. State Street Corp raised its position in NiSource by 8.9% in the 1st quarter. State Street Corp now owns 24,192,844 shares of the utilities provider’s stock valued at $769,332,000 after purchasing an additional 1,970,696 shares in the last quarter. Deutsche Bank AG raised its position in NiSource by 1.7% in the 4th quarter. Deutsche Bank AG now owns 18,413,687 shares of the utilities provider’s stock valued at $508,402,000 after purchasing an additional 299,038 shares in the last quarter. Finally, Invesco Ltd. raised its position in NiSource by 56.7% in the 4th quarter. Invesco Ltd. now owns 10,159,143 shares of the utilities provider’s stock valued at $280,495,000 after purchasing an additional 3,676,623 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Evercore ISI increased their price target on NiSource to $33.00 in a research report on Tuesday, August 9th. Edward Jones raised NiSource from a “hold” rating to a “buy” rating in a research report on Wednesday, July 27th. BMO Capital Markets increased their price target on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Barclays reduced their price target on NiSource from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $32.29.

NiSource Trading Down 1.6 %

NI opened at $28.41 on Thursday. NiSource Inc. has a one year low of $23.65 and a one year high of $32.58. The company has a market cap of $11.53 billion, a P/E ratio of 18.45, a PEG ratio of 2.82 and a beta of 0.38. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.47 and a current ratio of 0.63. The business’s 50-day simple moving average is $29.89 and its 200-day simple moving average is $30.07.

NiSource (NYSE:NIGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The utilities provider reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). NiSource had a net margin of 13.07% and a return on equity of 10.57%. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, equities research analysts expect that NiSource Inc. will post 1.44 EPS for the current fiscal year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, October 31st will be paid a dividend of $0.235 per share. The ex-dividend date of this dividend is Friday, October 28th. This represents a $0.94 dividend on an annualized basis and a yield of 3.31%. NiSource’s dividend payout ratio is presently 61.04%.

NiSource Company Profile

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NiSource, Inc is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses on natural gas service and transportation for residential, commercial, and industrial customers.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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