Hsbc Holdings PLC boosted its stake in shares of NiSource Inc. (NYSE:NI) by 4.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 257,738 shares of the utilities provider’s stock after buying an additional 10,839 shares during the period. Hsbc Holdings PLC owned approximately 0.07% of NiSource worth $6,534,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of NiSource by 7.6% during the 3rd quarter. First Trust Advisors LP now owns 141,080 shares of the utilities provider’s stock worth $3,516,000 after buying an additional 9,989 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of NiSource by 5.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 41,926 shares of the utilities provider’s stock worth $1,045,000 after buying an additional 2,149 shares in the last quarter. Private Advisor Group LLC raised its position in shares of NiSource by 27.9% during the 3rd quarter. Private Advisor Group LLC now owns 11,218 shares of the utilities provider’s stock worth $280,000 after buying an additional 2,449 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of NiSource by 17.5% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 15,294 shares of the utilities provider’s stock worth $381,000 after buying an additional 2,276 shares in the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of NiSource by 55.4% during the 3rd quarter. WINTON GROUP Ltd now owns 30,556 shares of the utilities provider’s stock worth $761,000 after buying an additional 10,895 shares in the last quarter. Hedge funds and other institutional investors own 93.70% of the company’s stock.

A number of research firms recently commented on NI. ValuEngine upgraded shares of NiSource from a “hold” rating to a “buy” rating in a report on Friday, March 1st. KeyCorp boosted their target price on shares of NiSource from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 17th. Guggenheim upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Citigroup boosted their target price on shares of NiSource from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, November 29th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of NiSource in a report on Monday, December 31st. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.85.

NiSource stock opened at $27.87 on Friday. The company has a market capitalization of $10.43 billion, a PE ratio of 21.44, a PEG ratio of 3.54 and a beta of 0.28. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. NiSource Inc. has a fifty-two week low of $23.04 and a fifty-two week high of $28.13.

NiSource (NYSE:NI) last released its earnings results on Wednesday, February 20th. The utilities provider reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. NiSource had a negative net margin of 0.99% and a positive return on equity of 9.69%. During the same period last year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that NiSource Inc. will post 1.3 earnings per share for the current fiscal year.

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

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About NiSource

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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