NiSource Inc. (NYSE:NI) Shares Sold by Boston Partners

Boston Partners reduced its stake in NiSource Inc. (NYSE:NI) by 3.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 367,885 shares of the utilities provider’s stock after selling 14,710 shares during the period. Boston Partners’ holdings in NiSource were worth $13,525,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of NiSource by 110.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,273 shares of the utilities provider’s stock valued at $83,000 after acquiring an additional 1,195 shares during the period. Thomasville National Bank increased its holdings in NiSource by 3.0% in the 4th quarter. Thomasville National Bank now owns 567,196 shares of the utilities provider’s stock valued at $20,850,000 after purchasing an additional 16,364 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NiSource by 21.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,712,724 shares of the utilities provider’s stock valued at $99,720,000 after purchasing an additional 483,491 shares during the period. JPMorgan Chase & Co. boosted its position in shares of NiSource by 88.4% during the third quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider’s stock worth $516,373,000 after buying an additional 6,991,608 shares during the period. Finally, Moran Wealth Management LLC acquired a new stake in shares of NiSource in the third quarter valued at $3,068,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity at NiSource

In related news, CAO Gunnar Gode sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $39.92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,758 shares of the company’s stock, valued at $988,339.36. This represents a 18.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

NiSource Price Performance

NI stock opened at $39.59 on Friday. The business’s 50-day moving average is $38.61 and its two-hundred day moving average is $36.58. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41. The firm has a market capitalization of $18.60 billion, a P/E ratio of 24.44, a P/E/G 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.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm posted $0.53 earnings per share. Analysts anticipate that NiSource Inc. will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.83%. NiSource’s payout ratio is currently 69.14%.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised their target price on NiSource from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, NiSource presently has a consensus rating of “Buy” and an average target price of $38.13.

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.