Xponance Inc. Has $1.43 Million Position in NiSource Inc. (NYSE:NI)

Xponance Inc. trimmed its holdings in NiSource Inc. (NYSE:NI) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,713 shares of the utilities provider’s stock after selling 5,168 shares during the quarter. Xponance Inc.’s holdings in NiSource were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in NI. Jennison Associates LLC increased its holdings in NiSource by 0.3% in the third quarter. Jennison Associates LLC now owns 13,111,122 shares of the utilities provider’s stock worth $323,582,000 after purchasing an additional 39,374 shares in the last quarter. Invesco Ltd. increased its stake in shares of NiSource by 4.2% in the 3rd quarter. Invesco Ltd. now owns 8,101,773 shares of the utilities provider’s stock valued at $199,952,000 after acquiring an additional 326,999 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of NiSource by 20.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,070,847 shares of the utilities provider’s stock valued at $125,149,000 after acquiring an additional 865,245 shares during the period. Reaves W H & Co. Inc. lifted its position in shares of NiSource by 7.8% during the 3rd quarter. Reaves W H & Co. Inc. now owns 4,400,533 shares of the utilities provider’s stock valued at $108,605,000 after acquiring an additional 319,143 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in NiSource by 10.5% during the third quarter. Thompson Siegel & Walmsley LLC now owns 4,014,441 shares of the utilities provider’s stock worth $99,076,000 after acquiring an additional 382,569 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Activity at NiSource

In other NiSource news, SVP Melanie B. Berman sold 11,141 shares of NiSource stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $26.66, for a total transaction of $297,019.06. Following the transaction, the senior vice president now directly owns 23,720 shares of the company’s stock, valued at approximately $632,375.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

NI has been the topic of several research reports. StockNews.com upgraded shares of NiSource from a “sell” rating to a “hold” rating in a report on Saturday, February 24th. Barclays boosted their target price on NiSource from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd.

NiSource Stock Up 0.9 %

NiSource stock opened at $28.19 on Thursday. The firm has a market capitalization of $12.63 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. The firm’s fifty day moving average price is $26.88 and its two-hundred day moving average price is $26.26. NiSource Inc. has a 1-year low of $22.86 and a 1-year high of $28.95. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 1.15.

NiSource (NYSE:NI) last announced its quarterly earnings results 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). The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.59 billion. NiSource had a net margin of 12.98% and a return on equity of 10.10%. During the same period in the previous year, the business posted $0.50 EPS. On average, equities research analysts predict that NiSource Inc. will post 1.71 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be given a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Monday, April 29th. NiSource’s payout ratio is currently 72.11%.

NiSource 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.