New York State Common Retirement Fund Has $7.70 Million Position in NiSource Inc. (NYSE:NI)

New York State Common Retirement Fund trimmed its holdings in shares of NiSource Inc. (NYSE:NIFree Report) by 17.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 311,787 shares of the utilities provider’s stock after selling 64,676 shares during the period. New York State Common Retirement Fund owned approximately 0.08% of NiSource worth $7,695,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of NI. Achmea Investment Management B.V. bought a new position in shares of NiSource in the 1st quarter worth $33,000. Ancora Advisors LLC bought a new position in shares of NiSource in the 4th quarter worth $40,000. Global Retirement Partners LLC lifted its holdings in shares of NiSource by 41.4% in the 3rd quarter. Global Retirement Partners LLC now owns 1,698 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 497 shares in the last quarter. ST Germain D J Co. Inc. bought a new position in shares of NiSource in the 2nd quarter worth $42,000. Finally, Money Concepts Capital Corp bought a new position in NiSource during the 4th quarter valued at $45,000. 94.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Michael E. Jesanis sold 5,000 shares of NiSource stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $26.24, for a total value of $131,200.00. Following the completion of the sale, the director now owns 48,070 shares of the company’s stock, valued at approximately $1,261,356.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NI shares. Barclays started coverage on NiSource in a research note on Monday, January 22nd. They set an “overweight” rating and a $28.00 price objective on the stock. upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average target price of $28.86.

View Our Latest Analysis on NI

NiSource Trading Up 0.8 %

Shares of NiSource stock opened at $25.25 on Friday. NiSource Inc. has a 1 year low of $22.86 and a 1 year high of $28.95. The firm has a market cap of $10.44 billion, a PE ratio of 16.95, a P/E/G ratio of 2.05 and a beta of 0.49. The stock has a fifty day moving average price of $26.22 and a 200-day moving average price of $26.17. The company has a debt-to-equity ratio of 1.66, a current ratio of 0.41 and a quick ratio of 0.29.

NiSource Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Monday, February 5th will be issued a $0.265 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.06 annualized dividend and a yield of 4.20%. This is a positive change from NiSource’s previous quarterly dividend of $0.25. NiSource’s dividend payout ratio (DPR) is 71.14%.

NiSource Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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