NiSource, Inc $NI Shares Acquired by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 90.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,394 shares of the utilities provider’s stock after buying an additional 38,237 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in NiSource were worth $3,223,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NI. Vanguard Group Inc. raised its stake in NiSource by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in NiSource by 12.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock valued at $962,997,000 after buying an additional 2,650,827 shares in the last quarter. Alkeon Capital Management LLC purchased a new stake in NiSource in the 1st quarter valued at $98,682,000. Nuveen LLC purchased a new stake in NiSource in the 1st quarter valued at $71,839,000. Finally, Jennison Associates LLC grew its holdings in NiSource by 8.0% in the 1st quarter. Jennison Associates LLC now owns 11,577,832 shares of the utilities provider’s stock valued at $464,155,000 after buying an additional 857,653 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NI has been the subject of a number of research analyst reports. Jefferies Financial Group cut NiSource from a “buy” rating to a “hold” rating and lowered their price target for the stock from $48.00 to $44.00 in a report on Friday, September 5th. Zacks Research upgraded NiSource to a “hold” rating in a report on Monday, August 11th. Barclays restated an “overweight” rating and set a $44.00 target price (up from $42.00) on shares of NiSource in a report on Monday, August 4th. Finally, Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.88.

NiSource Trading Down 0.3%

NI opened at $41.00 on Friday. The firm has a market cap of $19.31 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. NiSource, Inc has a 52 week low of $33.32 and a 52 week high of $43.51. The business’s 50 day moving average is $41.54 and its two-hundred day moving average is $40.05. The company has a quick ratio of 0.48, a current ratio of 0.59 and a debt-to-equity ratio of 1.32.

NiSource (NYSE:NI) last released its earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a return on equity of 8.25% and a net margin of 14.46%.During the same quarter in the previous year, the company posted $0.21 earnings per share. On average, research analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, October 31st. NiSource’s payout ratio is presently 59.57%.

NiSource Company 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.