Trivium Point Advisory LLC Sells 1,771 Shares of NiSource, Inc $NI

Trivium Point Advisory LLC reduced its position in NiSource, Inc (NYSE:NI) by 7.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,681 shares of the utilities provider’s stock after selling 1,771 shares during the quarter. Trivium Point Advisory LLC’s holdings in NiSource were worth $955,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of NiSource by 218.3% in the second quarter. Janney Montgomery Scott LLC now owns 148,627 shares of the utilities provider’s stock worth $5,996,000 after purchasing an additional 101,939 shares during the period. V Square Quantitative Management LLC boosted its position in shares of NiSource by 8.9% in the second quarter. V Square Quantitative Management LLC now owns 12,796 shares of the utilities provider’s stock worth $516,000 after purchasing an additional 1,051 shares during the period. Signaturefd LLC boosted its position in shares of NiSource by 3.9% in the second quarter. Signaturefd LLC now owns 7,167 shares of the utilities provider’s stock worth $289,000 after purchasing an additional 272 shares during the period. 1834 Investment Advisors Co. boosted its position in shares of NiSource by 2.4% in the second quarter. 1834 Investment Advisors Co. now owns 23,565 shares of the utilities provider’s stock worth $951,000 after purchasing an additional 555 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in shares of NiSource by 1,591.0% in the second quarter. ST Germain D J Co. Inc. now owns 6,764 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 6,364 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Up 0.2%

Shares of NYSE NI opened at $43.29 on Wednesday. The firm’s 50-day moving average price is $41.82 and its 200-day moving average price is $40.21. The company has a current ratio of 0.59, a quick ratio of 0.48 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.92 and a beta of 0.60. NiSource, Inc has a 12-month low of $33.65 and a 12-month high of $43.51.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. NiSource had a net margin of 14.46% and a return on equity of 8.25%. During the same period in the prior year, the company earned $0.21 EPS. On average, equities research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, October 31st. NiSource’s dividend payout ratio is currently 59.57%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NI shares. Zacks Research upgraded shares of NiSource to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group lowered shares of NiSource from a “buy” rating to a “hold” rating and dropped their target price for the stock from $48.00 to $44.00 in a research report on Friday, September 5th. Barclays restated an “overweight” rating and set a $44.00 target price (up previously from $42.00) on shares of NiSource in a research report on Monday, August 4th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets upped their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.38.

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.