Crumly & Associates Inc. Boosts Holdings in NiSource, Inc $NI

Crumly & Associates Inc. lifted its stake in NiSource, Inc (NYSE:NI) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,274 shares of the utilities provider’s stock after purchasing an additional 265 shares during the quarter. Crumly & Associates Inc.’s holdings in NiSource were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in NiSource by 64.2% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 765 shares of the utilities provider’s stock worth $31,000 after buying an additional 299 shares during the last quarter. Larson Financial Group LLC raised its position in NiSource by 48.8% in the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after buying an additional 266 shares during the last quarter. Quent Capital LLC raised its position in NiSource by 44.7% in the 1st quarter. Quent Capital LLC now owns 1,003 shares of the utilities provider’s stock worth $40,000 after buying an additional 310 shares during the last quarter. Brooklyn Investment Group raised its position in NiSource by 57.3% in the 1st quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider’s stock worth $55,000 after buying an additional 499 shares during the last quarter. Finally, Hemington Wealth Management raised its position in NiSource by 39.4% in the 1st quarter. Hemington Wealth Management now owns 1,551 shares of the utilities provider’s stock worth $62,000 after buying an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Down 0.3%

Shares of NYSE:NI opened at $41.00 on Friday. The stock has a 50 day moving average of $41.54 and a 200 day moving average of $40.05. The company has a market cap of $19.31 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 2.78 and a beta of 0.60. The company has a current ratio of 0.59, a quick ratio of 0.48 and a debt-to-equity ratio of 1.32. NiSource, Inc has a 12-month low of $33.32 and a 12-month high of $43.51.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. NiSource had a return on equity of 8.25% and a net margin of 14.46%.The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the company posted $0.21 EPS. As a group, equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Dividend Announcement

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

Analyst Ratings Changes

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

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.