NiSource Inc. (NYSE:NI) Stock Holdings Trimmed by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its holdings in shares of NiSource Inc. (NYSE:NI) by 88.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,587 shares of the utilities provider’s stock after selling 76,379 shares during the period. TD Private Client Wealth LLC’s holdings in NiSource were worth $352,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in NiSource by 88.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider’s stock valued at $516,373,000 after acquiring an additional 6,991,608 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of NiSource by 53.3% in the third quarter. Bank of Montreal Can now owns 5,124,909 shares of the utilities provider’s stock worth $176,194,000 after buying an additional 1,782,078 shares during the period. State Street Corp boosted its stake in NiSource by 5.8% in the 3rd quarter. State Street Corp now owns 22,691,174 shares of the utilities provider’s stock worth $786,249,000 after purchasing an additional 1,247,368 shares during the period. Retirement Systems of Alabama boosted its position in shares of NiSource by 793.3% in the third quarter. Retirement Systems of Alabama now owns 883,387 shares of the utilities provider’s stock worth $30,609,000 after buying an additional 784,495 shares during the period. Finally, National Pension Service purchased a new position in NiSource during the 4th quarter valued at about $24,642,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other news, CAO Gunnar Gode sold 5,500 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $39.92, for a total transaction of $219,560.00. Following the transaction, the chief accounting officer now owns 24,758 shares in the company, valued at approximately $988,339.36. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

NiSource Stock Performance

NYSE:NI opened at $39.84 on Tuesday. The firm has a market capitalization of $18.72 billion, a PE ratio of 24.60, a PEG ratio of 2.56 and a beta of 0.50. NiSource Inc. has a 1 year low of $26.26 and a 1 year high of $41.45. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $38.74 and its 200 day simple moving average is $36.72.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.05). NiSource had a net margin of 13.94% and a return on equity of 7.87%. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, sell-side analysts anticipate that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, April 30th. NiSource’s dividend payout ratio is currently 69.14%.

Analyst Ratings Changes

Several research firms have recently commented on NI. Wells Fargo & Company boosted their price target on shares of NiSource from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. UBS Group lifted their price objective on shares of NiSource from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $38.89.

NiSource Company 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.