Teachers Advisors LLC Has $31.63 Million Position in NiSource, Inc (NI)
Teachers Advisors LLC increased its position in NiSource, Inc (NYSE:NI) by 12.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,247,118 shares of the utilities provider’s stock after acquiring an additional 141,868 shares during the quarter. Teachers Advisors LLC owned about 0.38% of NiSource worth $31,627,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace North America L.P. grew its holdings in NiSource by 304.9% during the 2nd 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 in the last quarter. Calamos Advisors LLC purchased a new stake in NiSource during the 2nd quarter valued at approximately $4,326,000. State of Wisconsin Investment Board grew its holdings in NiSource by 48.8% during the 2nd 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 in the last quarter. Arizona State Retirement System grew its holdings in NiSource by 0.4% during the 1st quarter. Arizona State Retirement System now owns 80,090 shares of the utilities provider’s stock valued at $1,905,000 after buying an additional 300 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in NiSource during the 2nd quarter valued at approximately $35,129,000. 81.96% of the stock is owned by institutional investors.
In other news, Director Michael E. Jesanis purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $26.44 per share, for a total transaction of $52,880.00. Following the completion of the transaction, the director now owns 34,195 shares of the company’s stock, valued at $904,115.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is currently owned by insiders.
A number of equities research analysts have issued reports on the stock. KeyCorp reaffirmed a “buy” rating and set a $29.50 price objective on shares of NiSource in a report on Friday, September 1st. Credit Suisse Group raised shares of NiSource from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $29.00 in a report on Monday, August 14th. Wells Fargo & Company assumed coverage on shares of NiSource in a report on Wednesday, August 9th. They set an “outperform” rating and a $30.00 price objective for the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $23.00 price objective on shares of NiSource in a report on Friday, July 14th. Finally, Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, July 14th. Six analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.61.
NiSource, Inc (NYSE:NI) opened at 26.40 on Wednesday. The company has a market capitalization of $8.60 billion, a P/E ratio of 30.63 and a beta of 0.39. NiSource, Inc has a 52-week low of $21.17 and a 52-week high of $27.29. The stock’s 50 day moving average price is $26.75 and its 200-day moving average price is $25.30.
NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.10 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. NiSource had a return on equity of 9.17% and a net margin of 5.96%. The firm had revenue of $990.70 million during the quarter, compared to analysts’ expectations of $934.95 million. During the same period in the previous year, the business earned $0.09 earnings per share. Analysts predict that NiSource, Inc will post $1.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Tuesday, October 31st will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Monday, October 30th. NiSource’s payout ratio is 81.40%.
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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