Janus Henderson Group PLC Has $2.69 Million Stock Holdings in NiSource Inc. (NYSE:NI)

Janus Henderson Group PLC lowered its stake in shares of NiSource Inc. (NYSE:NI) by 8.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,029 shares of the utilities provider’s stock after selling 7,131 shares during the period. Janus Henderson Group PLC’s holdings in NiSource were worth $2,685,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC lifted its stake in shares of NiSource by 1.9% in the fourth quarter. Integrated Wealth Concepts LLC now owns 13,987 shares of the utilities provider’s stock valued at $514,000 after buying an additional 256 shares in the last quarter. Securian Asset Management Inc. raised its holdings in shares of NiSource by 1.1% in the 4th quarter. Securian Asset Management Inc. now owns 25,087 shares of the utilities provider’s stock worth $922,000 after acquiring an additional 282 shares during the last quarter. Aviso Financial Inc. lifted its position in NiSource by 1.0% in the 4th quarter. Aviso Financial Inc. now owns 31,450 shares of the utilities provider’s stock valued at $1,156,000 after acquiring an additional 300 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in NiSource by 5.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 5,648 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 300 shares in the last quarter. Finally, AMG National Trust Bank boosted its stake in NiSource by 0.6% during the 4th quarter. AMG National Trust Bank now owns 48,716 shares of the utilities provider’s stock valued at $1,788,000 after purchasing an additional 308 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NI shares. Guggenheim raised their target price on NiSource from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, May 8th. Barclays lifted their price objective on shares of NiSource from $38.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. UBS Group upped their target price on shares of NiSource from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, March 21st. BMO Capital Markets increased their price objective on shares of NiSource from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Monday, April 28th. Finally, Mizuho boosted their target price on NiSource from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $41.50.

NiSource Stock Performance

NYSE:NI opened at $39.49 on Wednesday. The company has a market capitalization of $18.59 billion, a P/E ratio of 24.38, a P/E/G ratio of 2.56 and a beta of 0.53. The business has a fifty day simple moving average of $39.10 and a two-hundred day simple moving average of $38.08. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41. NiSource Inc. has a 1 year low of $27.60 and a 1 year high of $41.45.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 7th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.08. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.32 billion. NiSource had a return on equity of 7.87% and a net margin of 13.94%. During the same period in the previous year, the business posted $0.85 EPS. On average, analysts expect that NiSource Inc. will post 1.91 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Thursday, July 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.84%. NiSource’s payout ratio is 60.54%.

Insiders Place Their Bets

In related news, Director Michael E. Jesanis sold 6,178 shares of the company’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $37.81, for a total transaction of $233,590.18. Following the sale, the director now owns 18,541 shares of the company’s stock, valued at approximately $701,035.21. This represents a 24.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company’s stock.

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.