Timber Hill LLC acquired a new position in NiSource Inc. (NYSE:NI) in the 4th quarter, HoldingsChannel reports. The firm acquired 30,168 shares of the utilities provider’s stock, valued at approximately $774,000.
Several other large investors also recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of NiSource by 4.4% in the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 200 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in NiSource by 2.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 11,287 shares of the utilities provider’s stock worth $286,000 after buying an additional 310 shares in the last quarter. First Republic Investment Management Inc. increased its stake in NiSource by 15.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 14,300 shares of the utilities provider’s stock worth $365,000 after buying an additional 1,941 shares in the last quarter. GWM Advisors LLC increased its stake in NiSource by 4.3% in the 4th quarter. GWM Advisors LLC now owns 54,505 shares of the utilities provider’s stock worth $1,363,000 after buying an additional 2,244 shares in the last quarter. Finally, FDx Advisors Inc. increased its stake in NiSource by 25.4% in the 4th quarter. FDx Advisors Inc. now owns 11,615 shares of the utilities provider’s stock worth $298,000 after buying an additional 2,353 shares in the last quarter. Hedge funds and other institutional investors own 84.38% of the company’s stock.
A number of brokerages have issued reports on NI. Zacks Investment Research lowered NiSource from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Credit Suisse Group increased their price target on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. JPMorgan Chase & Co. cut their price target on NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a research note on Tuesday, January 9th. Finally, Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note 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 stock currently has an average rating of “Buy” and a consensus target price of $27.14.
NiSource (NYSE:NI) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. NiSource had a net margin of 2.64% and a return on equity of 8.90%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. equities research analysts forecast that NiSource Inc. will post 1.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th were issued a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Thursday, February 8th. This is an increase from NiSource’s previous quarterly dividend of $0.18. NiSource’s dividend payout ratio is 200.01%.
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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.
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