Allworth Financial LP Has $81,000 Stock Holdings in NiSource Inc. (NYSE:NI)

Allworth Financial LP grew its holdings in NiSource Inc. (NYSE:NI) by 40.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,054 shares of the utilities provider’s stock after purchasing an additional 875 shares during the quarter. Allworth Financial LP’s holdings in NiSource were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Achmea Investment Management B.V. acquired a new position in shares of NiSource in the 1st quarter valued at about $33,000. McGlone Suttner Wealth Management Inc. acquired a new position in NiSource during the 4th quarter worth approximately $36,000. Ancora Advisors LLC acquired a new position in NiSource during the 4th quarter worth approximately $40,000. Global Retirement Partners LLC raised its stake in NiSource by 41.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,698 shares of the utilities provider’s stock worth $41,000 after buying an additional 497 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in NiSource during the 2nd quarter worth approximately $42,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NiSource

In other news, SVP Melanie B. Berman sold 11,141 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total value of $297,019.06. Following the completion of the transaction, the senior vice president now directly owns 23,720 shares of the company’s stock, valued at $632,375.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

NiSource Stock Performance

NI stock opened at $27.07 on Friday. The firm has a market cap of $12.13 billion, a PE ratio of 18.41, a P/E/G ratio of 2.66 and a beta of 0.49. The company has a quick ratio of 0.76, a current ratio of 0.85 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $26.53 and a 200-day moving average of $26.08. NiSource Inc. has a 12-month low of $22.86 and a 12-month high of $28.95.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.02). NiSource had a net margin of 12.98% and a return on equity of 10.10%. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the company posted $0.50 earnings per share. As a group, sell-side analysts expect that NiSource Inc. will post 1.71 earnings per share for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Tuesday, April 30th will be issued a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, April 29th. NiSource’s payout ratio is currently 72.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NI. Barclays upped their price target on NiSource from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. StockNews.com raised NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th.

About NiSource

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.