LMR Partners LLP bought a new stake in NiSource Inc. (NYSE:NI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,670 shares of the utilities provider’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of NiSource by 8.4% during the fourth quarter. Geode Capital Management LLC now owns 4,703,532 shares of the utilities provider’s stock valued at $119,026,000 after purchasing an additional 363,894 shares in the last quarter. Tortoise Index Solutions LLC increased its stake in shares of NiSource by 97.9% during the fourth quarter. Tortoise Index Solutions LLC now owns 401,960 shares of the utilities provider’s stock valued at $10,190,000 after purchasing an additional 198,898 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of NiSource by 32.6% during the fourth quarter. Natixis Advisors L.P. now owns 86,646 shares of the utilities provider’s stock valued at $2,196,000 after acquiring an additional 21,309 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of NiSource by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,475,444 shares of the utilities provider’s stock valued at $37,404,000 after acquiring an additional 74,548 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of NiSource by 10.1% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 123,021 shares of the utilities provider’s stock valued at $3,119,000 after acquiring an additional 11,294 shares in the last quarter. 93.70% of the stock is currently owned by institutional investors and hedge funds.

NI has been the subject of several analyst reports. Guggenheim raised shares of NiSource from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. KeyCorp reissued a “buy” rating and set a $28.50 price target on shares of NiSource in a research report on Tuesday, February 5th. Barclays set a $27.00 price target on shares of NiSource and gave the company a “hold” rating in a research report on Saturday, November 17th. Zacks Investment Research reissued a “hold” rating on shares of NiSource in a research report on Monday, December 31st. Finally, Citigroup raised their price target on shares of NiSource from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Thursday, November 29th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $27.85.

Shares of NI stock opened at $27.89 on Friday. NiSource Inc. has a 12-month low of $23.04 and a 12-month high of $28.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.40 and a current ratio of 0.51. The company has a market capitalization of $10.39 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.54 and a beta of 0.28.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 20th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. NiSource had a negative net margin of 0.99% and a positive return on equity of 9.69%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company posted $0.33 earnings per share. As a group, equities analysts predict that NiSource Inc. will post 1.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Monday, February 11th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Friday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.20. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

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NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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