TD Asset Management Inc Decreases Holdings in NiSource Inc. (NYSE:NI)

TD Asset Management Inc trimmed its holdings in shares of NiSource Inc. (NYSE:NI) by 10.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,375,636 shares of the utilities provider’s stock after selling 284,237 shares during the period. TD Asset Management Inc owned 0.57% of NiSource worth $64,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NI. Savant Capital LLC purchased a new position in NiSource in the 1st quarter valued at about $291,000. Benjamin F. Edwards & Company Inc. lifted its position in shares of NiSource by 170.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,903 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 1,828 shares during the last quarter. Xponance Inc. lifted its position in shares of NiSource by 2.0% during the second quarter. Xponance Inc. now owns 56,785 shares of the utilities provider’s stock worth $1,553,000 after purchasing an additional 1,139 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of NiSource by 19.5% during the second quarter. Nordea Investment Management AB now owns 16,833 shares of the utilities provider’s stock worth $459,000 after purchasing an additional 2,741 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of NiSource by 24.4% during the first quarter. US Bancorp DE now owns 36,148 shares of the utilities provider’s stock worth $1,011,000 after purchasing an additional 7,081 shares during the last quarter. 94.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NiSource

In other news, CEO Lloyd M. Yates purchased 40,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was purchased at an average cost of $26.44 per share, with a total value of $1,057,600.00. Following the purchase, the chief executive officer now owns 131,242 shares in the company, valued at approximately $3,470,038.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

NiSource Price Performance

Shares of NYSE:NI opened at $25.97 on Wednesday. The firm’s 50 day moving average is $25.72 and its two-hundred day moving average is $26.74. NiSource Inc. has a 52 week low of $22.86 and a 52 week high of $28.95. The firm has a market capitalization of $10.74 billion, a P/E ratio of 17.43, a PEG ratio of 2.18 and a beta of 0.51. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 1.66.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. NiSource had a net margin of 12.46% and a return on equity of 11.14%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business earned $0.10 earnings per share. Analysts anticipate that NiSource Inc. will post 1.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of NiSource in a research report on Friday, October 6th. They set a “buy” rating and a $25.00 price target on the stock. Guggenheim dropped their price objective on shares of NiSource from $30.00 to $27.00 in a research note on Monday, October 9th. Finally, StockNews.com lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Sunday, October 29th.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.