NiSource, Inc $NI Stock Holdings Trimmed by Venturi Wealth Management LLC

Venturi Wealth Management LLC lowered its holdings in shares of NiSource, Inc (NYSE:NI) by 10.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,205 shares of the utilities provider’s stock after selling 1,986 shares during the period. Venturi Wealth Management LLC’s holdings in NiSource were worth $654,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of NiSource by 29.9% in the 1st quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after buying an additional 53,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of NiSource by 90.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock worth $3,223,000 after buying an additional 38,237 shares in the last quarter. Lincoln Capital Corp bought a new stake in shares of NiSource in the 1st quarter worth $2,556,000. Asset Management One Co. Ltd. raised its stake in shares of NiSource by 14.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 358,469 shares of the utilities provider’s stock worth $14,371,000 after buying an additional 43,947 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of NiSource in the 1st quarter worth $710,000. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NYSE NI opened at $42.94 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.59 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $20.22 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.97 and a beta of 0.60. The stock’s fifty day simple moving average is $42.03 and its 200 day simple moving average is $40.40. NiSource, Inc has a 52-week low of $33.65 and a 52-week high of $44.51.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, August 6th. The utilities provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, sell-side analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s payout ratio is currently 59.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NI. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Wednesday. Evercore ISI began coverage on NiSource in a research note on Monday. They issued an “in-line” rating and a $45.00 price objective on the stock. Zacks Research raised NiSource to a “hold” rating in a research note on Monday, August 11th. Finally, BMO Capital Markets lifted their target price on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and a consensus target price of $44.44.

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.