Cadence Capital Management LLC trimmed its holdings in shares of NiSource Inc. (NYSE:NI) by 18.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,563 shares of the utilities provider’s stock after selling 2,832 shares during the period. Cadence Capital Management LLC’s holdings in NiSource were worth $322,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of NI. Tortoise Investment Management LLC bought a new position in shares of NiSource during the third quarter worth about $113,000. First Quadrant L P CA bought a new position in shares of NiSource during the third quarter worth about $114,000. Valeo Financial Advisors LLC bought a new position in shares of NiSource during the third quarter worth about $114,000. Advisory Services Network LLC grew its position in shares of NiSource by 4.4% during the second quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 200 shares during the last quarter. Finally, FDx Advisors Inc. bought a new position in shares of NiSource during the third quarter worth about $237,000. 82.75% of the stock is currently owned by institutional investors.
Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of NiSource from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Credit Suisse Group upped their price target on shares of NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. lowered their price target on shares of NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Edward Jones upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Wednesday, January 10th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $27.14.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Thursday, February 8th. This is a positive change from NiSource’s previous quarterly dividend of $0.18. NiSource’s dividend payout ratio is currently 95.12%.
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource Inc. (NYSE:NI).
Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.