NiSource Inc. (NYSE:NI) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its stake in shares of NiSource Inc. (NYSE:NIFree Report) by 13.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 67,513 shares of the utilities provider’s stock after selling 10,711 shares during the period. Allianz Asset Management GmbH’s holdings in NiSource were worth $1,792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. McGlone Suttner Wealth Management Inc. acquired a new stake in NiSource during the 4th quarter valued at $36,000. Lindbrook Capital LLC raised its stake in NiSource by 46.2% during the 4th quarter. Lindbrook Capital LLC now owns 1,553 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 491 shares during the period. Principal Securities Inc. acquired a new position in shares of NiSource in the fourth quarter worth $50,000. Tobam increased its stake in shares of NiSource by 3,994.6% in the fourth quarter. Tobam now owns 2,293 shares of the utilities provider’s stock worth $61,000 after acquiring an additional 2,237 shares during the last quarter. Finally, Loomis Sayles & Co. L P increased its stake in shares of NiSource by 38.1% in the third quarter. Loomis Sayles & Co. L P now owns 2,609 shares of the utilities provider’s stock worth $64,000 after acquiring an additional 720 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NI shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $31.00 price target (up from $30.00) on shares of NiSource in a research note on Thursday, May 9th. Evercore ISI upped their price target on shares of NiSource from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Barclays upped their price target on shares of NiSource from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Finally, raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

View Our Latest Stock Analysis on NiSource

NiSource Stock Down 0.9 %

NI stock opened at $28.28 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.66 and a quick ratio of 0.56. The company has a 50-day moving average of $28.13 and a two-hundred day moving average of $26.95. NiSource Inc. has a 52-week low of $22.86 and a 52-week high of $29.44. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 2.76 and a beta of 0.51.

NiSource (NYSE:NIGet Free Report) last released its earnings results on Wednesday, May 8th. The utilities provider reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. NiSource had a net margin of 14.23% and a return on equity of 9.56%. The business had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter last year, the company earned $0.77 earnings per share. As a group, equities research analysts anticipate that NiSource Inc. will post 1.71 EPS for the current year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Wednesday, July 31st will be given a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend is Tuesday, July 30th. NiSource’s dividend payout ratio (DPR) is presently 69.28%.

Insider Buying and Selling

In related news, SVP Melanie B. Berman sold 3,742 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $27.96, for a total value of $104,626.32. Following the completion of the transaction, the senior vice president now owns 19,978 shares of the company’s stock, valued at $558,584.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

NiSource Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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