Leeward Investments LLC MA Sells 13,506 Shares of NiSource Inc. (NYSE:NI)

Leeward Investments LLC MA lowered its stake in shares of NiSource Inc. (NYSE:NI) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,973 shares of the utilities provider’s stock after selling 13,506 shares during the quarter. Leeward Investments LLC MA owned about 0.12% of NiSource worth $13,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its position in NiSource by 0.3% during the third quarter. Jennison Associates LLC now owns 13,111,122 shares of the utilities provider’s stock valued at $323,582,000 after purchasing an additional 39,374 shares in the last quarter. Invesco Ltd. raised its stake in NiSource by 4.2% in the third quarter. Invesco Ltd. now owns 8,101,773 shares of the utilities provider’s stock valued at $199,952,000 after buying an additional 326,999 shares during the last quarter. Bank of New York Mellon Corp raised its stake in NiSource by 20.6% in the third quarter. Bank of New York Mellon Corp now owns 5,070,847 shares of the utilities provider’s stock valued at $125,149,000 after buying an additional 865,245 shares during the last quarter. Reaves W H & Co. Inc. raised its stake in NiSource by 7.8% in the third quarter. Reaves W H & Co. Inc. now owns 4,400,533 shares of the utilities provider’s stock valued at $108,605,000 after buying an additional 319,143 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its stake in NiSource by 10.5% in the third quarter. Thompson Siegel & Walmsley LLC now owns 4,014,441 shares of the utilities provider’s stock valued at $99,076,000 after buying an additional 382,569 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Trading Down 0.6 %

Shares of NYSE:NI opened at $27.94 on Friday. NiSource Inc. has a 52-week low of $22.86 and a 52-week high of $28.95. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.74 and a beta of 0.49. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average price of $26.96 and a 200-day moving average price of $26.29.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.59 billion. NiSource had a return on equity of 10.10% and a net margin of 12.98%. During the same quarter in the previous year, the business earned $0.50 earnings per share. Equities analysts predict that NiSource Inc. will post 1.71 EPS for the current year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 3.79%. The ex-dividend date is Monday, April 29th. NiSource’s dividend payout ratio is currently 72.11%.

Insider Activity at NiSource

In related news, SVP Melanie B. Berman sold 11,141 shares of NiSource stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total transaction of $297,019.06. Following the completion of the transaction, the senior vice president now directly owns 23,720 shares in the company, valued at $632,375.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Barclays increased their price target on NiSource from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.