Victory Capital Management Inc. trimmed its position in NiSource Inc. (NYSE:NI) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,205,762 shares of the utilities provider’s stock after selling 161,294 shares during the period. Victory Capital Management Inc.’s holdings in NiSource were worth $56,622,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial For Lutherans grew its stake in shares of NiSource by 2.1% in the second quarter. Thrivent Financial For Lutherans now owns 12,209 shares of the utilities provider’s stock worth $310,000 after acquiring an additional 250 shares during the last quarter. FMR LLC grew its stake in shares of NiSource by 31.3% in 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. Suntrust Banks Inc. purchased a new stake in shares of NiSource in the second quarter worth $495,000. Advisor Group Inc. grew its stake in shares of NiSource by 1.1% in the second quarter. Advisor Group Inc. now owns 15,317 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 174 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of NiSource by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,236,347 shares of the utilities provider’s stock worth $31,354,000 after acquiring an additional 15,843 shares during the last quarter. 82.76% of the stock is currently owned by institutional investors.

Shares of NiSource Inc. (NYSE:NI) opened at $23.52 on Tuesday. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. NiSource Inc. has a 12-month low of $21.93 and a 12-month high of $27.76. The company has a market capitalization of $8,072.94, a price-to-earnings ratio of 28.68, a P/E/G ratio of 2.84 and a beta of 0.24.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.18. This represents a $0.78 annualized dividend and a dividend yield of 3.32%. NiSource’s dividend payout ratio (DPR) is 85.37%.

NI has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. KeyCorp reissued a “buy” rating and issued a $29.50 target price on shares of NiSource in a research note on Friday, October 20th. Credit Suisse Group increased their target price on NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Citigroup increased their price objective on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Monday, November 20th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $26.00 price objective on shares of NiSource in a research report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NiSource has a consensus rating of “Buy” and a consensus price target of $27.14.

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About NiSource

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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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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