Capital Fund Management S.A. Acquires 239,392 Shares of NiSource Inc. (NYSE:NI)

Capital Fund Management S.A. lifted its stake in NiSource Inc. (NYSE:NIFree Report) by 337.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 310,258 shares of the utilities provider’s stock after acquiring an additional 239,392 shares during the period. Capital Fund Management S.A. owned approximately 0.08% of NiSource worth $8,237,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Personal CFO Solutions LLC bought a new stake in NiSource during the 4th quarter worth approximately $204,000. Quadrature Capital Ltd bought a new position in shares of NiSource in the fourth quarter worth $1,670,000. Teilinger Capital Ltd. bought a new position in shares of NiSource in the fourth quarter worth $19,934,000. Prudential PLC raised its position in shares of NiSource by 1,088.5% in the fourth quarter. Prudential PLC now owns 365,027 shares of the utilities provider’s stock worth $9,691,000 after buying an additional 334,313 shares in the last quarter. Finally, White Knight Strategic Wealth Advisors LLC bought a new stake in NiSource during the fourth quarter valued at $244,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI raised their price target on NiSource from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, February 24th. Barclays boosted 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, BMO Capital Markets restated an “outperform” rating and set a $31.00 price objective (up previously from $30.00) on shares of NiSource in a research report on Thursday, May 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to, the company presently has an average rating of “Moderate Buy” and an average price target of $29.50.

Read Our Latest Research Report on NiSource

Insider Activity at NiSource

In other news, SVP Melanie B. Berman sold 3,742 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $27.96, for a total value of $104,626.32. Following the transaction, the senior vice president now owns 19,978 shares in the company, valued at $558,584.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

NiSource Stock Up 0.5 %

Shares of NI opened at $28.43 on Tuesday. NiSource Inc. has a 1 year low of $22.86 and a 1 year high of $29.44. 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 stock has a 50 day simple moving average of $28.13 and a two-hundred day simple moving average of $26.95. The firm has a market cap of $12.75 billion, a P/E ratio of 18.58, a P/E/G ratio of 2.76 and a beta of 0.51.

NiSource (NYSE:NIGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $2.07 billion. NiSource had a net margin of 14.23% and a return on equity of 9.56%. During the same quarter in the prior year, the company earned $0.77 EPS. On average, analysts forecast that NiSource Inc. will post 1.71 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Wednesday, July 31st will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, July 30th. NiSource’s dividend payout ratio (DPR) is presently 69.28%.

NiSource Company 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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