NiSource, Inc (NI) Shares Sold by Miller Howard Investments Inc. NY
Miller Howard Investments Inc. NY reduced its position in NiSource, Inc (NYSE:NI) by 9.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,522 shares of the utilities provider’s stock after selling 9,775 shares during the period. Miller Howard Investments Inc. NY’s holdings in NiSource were worth $2,316,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. FMR LLC increased its stake in NiSource by 31.3% during the second quarter. FMR LLC now owns 855,250 shares of the utilities provider’s stock worth $21,689,000 after acquiring an additional 203,941 shares during the last quarter. Marshall Wace North America L.P. grew its stake in shares of NiSource by 304.9% during the second quarter. Marshall Wace North America L.P. now owns 142,287 shares of the utilities provider’s stock valued at $3,557,000 after buying an additional 107,142 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of NiSource by 48.8% during the second quarter. State of Wisconsin Investment Board now owns 205,446 shares of the utilities provider’s stock valued at $5,210,000 after buying an additional 67,360 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of NiSource during the second quarter valued at approximately $4,326,000. Finally, Schroder Investment Management Group bought a new position in shares of NiSource during the second quarter valued at approximately $35,129,000. Institutional investors own 81.81% of the company’s stock.
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In other NiSource news, Director Michael E. Jesanis acquired 2,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of $26.44 per share, for a total transaction of $52,880.00. Following the acquisition, the director now owns 34,195 shares in the company, valued at approximately $904,115.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.35% of the company’s stock.
Shares of NiSource, Inc (NI) traded up $0.39 on Friday, hitting $27.33. The stock had a trading volume of 3,700,000 shares, compared to its average volume of 2,120,000. NiSource, Inc has a 12-month low of $21.17 and a 12-month high of $27.41. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 3.99 and a beta of 0.43.
NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The firm had revenue of $917.00 million during the quarter, compared to analyst estimates of $901.00 million. During the same quarter in the prior year, the business posted $0.06 EPS. research analysts forecast that NiSource, Inc will post 1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.70 annualized dividend and a dividend yield of 2.56%. NiSource’s dividend payout ratio is presently 84.34%.
Several research analysts recently issued reports on NI shares. Credit Suisse Group increased their price objective on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday. Wells Fargo & Company started coverage on NiSource in a research note on Wednesday, August 9th. They issued an “outperform” rating and a $30.00 price objective on the stock. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Monday, October 2nd. KeyCorp reissued a “buy” rating and issued a $29.50 price objective on shares of NiSource in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $23.00 price objective on shares of NiSource in a research note on Friday, July 14th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. NiSource currently has an average rating of “Buy” and an average price target of $26.85.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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