Bleakley Financial Group LLC Buys 926 Shares of NiSource Inc. (NYSE:NI)

Bleakley Financial Group LLC boosted its stake in shares of NiSource Inc. (NYSE:NIFree Report) by 5.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,121 shares of the utilities provider’s stock after acquiring an additional 926 shares during the quarter. Bleakley Financial Group LLC’s holdings in NiSource were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cetera Investment Advisers boosted its stake in shares of NiSource by 1.0% during the second quarter. Cetera Investment Advisers now owns 69,397 shares of the utilities provider’s stock valued at $1,999,000 after purchasing an additional 671 shares during the period. Czech National Bank raised its holdings in NiSource by 7.0% during the 3rd quarter. Czech National Bank now owns 91,366 shares of the utilities provider’s stock valued at $3,166,000 after buying an additional 5,938 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in NiSource by 575.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,400 shares of the utilities provider’s stock valued at $187,000 after buying an additional 4,600 shares during the last quarter. CHICAGO TRUST Co NA boosted its position in NiSource by 114.2% during the 3rd quarter. CHICAGO TRUST Co NA now owns 24,437 shares of the utilities provider’s stock valued at $847,000 after buying an additional 13,028 shares during the period. Finally, Thomasville National Bank grew its holdings in NiSource by 925.4% in the 3rd quarter. Thomasville National Bank now owns 550,832 shares of the utilities provider’s stock worth $19,086,000 after acquiring an additional 497,113 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

NiSource Trading Down 0.8 %

NYSE NI opened at $37.88 on Monday. The firm has a market capitalization of $17.68 billion, a PE ratio of 22.96, a P/E/G ratio of 2.50 and a beta of 0.54. The stock’s 50 day moving average is $36.92 and its 200 day moving average is $35.09. NiSource Inc. has a twelve month low of $24.80 and a twelve month high of $38.83. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 1.17.

NiSource Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.27. NiSource’s payout ratio is 67.88%.

Analyst Upgrades and Downgrades

NI has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Mizuho upped their price target on NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays lifted their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Jefferies Financial Group started coverage on NiSource in a report on Monday, October 28th. They set a “buy” rating and a $39.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.50.

View Our Latest Stock Analysis on NI

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 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.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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