Trust Co. of Toledo NA OH Purchases Shares of 1,000 NiSource, Inc $NI

Trust Co. of Toledo NA OH purchased a new stake in NiSource, Inc (NYSE:NI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 1,000 shares of the utilities provider’s stock, valued at approximately $40,000.

Other large investors also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of NiSource by 29.9% in the 1st quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock valued at $9,390,000 after purchasing an additional 53,972 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NiSource by 90.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock valued at $3,223,000 after purchasing an additional 38,237 shares during the period. Lincoln Capital Corp bought a new stake in shares of NiSource in the 1st quarter valued at approximately $2,556,000. Asset Management One Co. Ltd. grew its stake in shares of NiSource by 14.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 358,469 shares of the utilities provider’s stock valued at $14,371,000 after purchasing an additional 43,947 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of NiSource in the 1st quarter valued at approximately $710,000. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NI. Evercore ISI began coverage on NiSource in a research note on Monday, October 6th. They issued an “in-line” rating and a $45.00 price objective on the stock. Barclays reiterated an “overweight” rating and issued a $44.00 price objective (up from $42.00) on shares of NiSource in a research note on Monday, August 4th. BMO Capital Markets raised their price target on NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group cut NiSource from a “buy” rating to a “hold” rating and decreased their target price for the stock from $48.00 to $44.00 in a report on Friday, September 5th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.44.

NiSource Price Performance

Shares of NI stock opened at $42.69 on Tuesday. The stock’s fifty day moving average is $42.02 and its 200-day moving average is $40.45. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.48 and a current ratio of 0.59. The stock has a market capitalization of $20.10 billion, a PE ratio of 22.71, a PEG ratio of 2.90 and a beta of 0.60. NiSource, Inc has a 52 week low of $33.86 and a 52 week high of $44.51.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, August 6th. The utilities provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a return on equity of 8.25% and a net margin of 14.46%.During the same period last year, the company earned $0.21 EPS. Equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 59.57%.

About NiSource

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.