NiSource, Inc $NI Stock Acquired by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in NiSource, Inc (NYSE:NI) by 55.3% in the third quarter, Holdings Channel reports. The firm owned 207,797 shares of the utilities provider’s stock after purchasing an additional 73,980 shares during the period. Vise Technologies Inc.’s holdings in NiSource were worth $8,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. MGO One Seven LLC increased its position in shares of NiSource by 17.1% during the 3rd quarter. MGO One Seven LLC now owns 67,048 shares of the utilities provider’s stock valued at $2,615,000 after purchasing an additional 9,767 shares during the last quarter. Parcion Private Wealth LLC bought a new stake in shares of NiSource during the 3rd quarter worth $245,000. Soltis Investment Advisors LLC bought a new stake in shares of NiSource during the 3rd quarter worth $224,000. North Dakota State Investment Board boosted its holdings in shares of NiSource by 3.3% in the 3rd quarter. North Dakota State Investment Board now owns 14,655 shares of the utilities provider’s stock worth $572,000 after buying an additional 468 shares during the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new position in shares of NiSource in the 3rd quarter worth about $43,000. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on NI shares. Weiss Ratings lowered shares of NiSource from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, September 22nd. KeyCorp decreased their price objective on shares of NiSource from $50.00 to $48.00 and set an “overweight” rating for the company in a report on Tuesday, October 13th. LADENBURG THALM/SH SH lowered their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Barclays dropped their target price on shares of NiSource from $45.00 to $44.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, BMO Capital Markets boosted their target price on shares of NiSource from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Monday, October 19th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $48.58.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

NiSource Price Performance

Shares of NYSE NI opened at $44.93 on Tuesday. The stock has a fifty day simple moving average of $41.29 and a two-hundred day simple moving average of $44.84. NiSource, Inc has a 1-year low of $38.42 and a 1-year high of $49.21. The firm has a market cap of $21.55 billion, a price-to-earnings ratio of 23.04, a price-to-earnings-growth ratio of 3.26 and a beta of 0.55. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.37.

NiSource (NYSE:NI) last released its earnings results on Wednesday, October 28th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. NiSource had a return on equity of 8.16% and a net margin of 13.56%. During the same period last year, the business posted $0.19 earnings per share. Analysts anticipate that NiSource, Inc will post 2.06 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio is presently 61.54%.

NiSource Profile

NiSource Inc is a regulated energy holding company based in Merrillville, Indiana. Through its operating companies, the company provides natural gas distribution and electric utility services to residential, commercial and industrial customers.

NiSource’s natural gas operations include Columbia Gas utilities serving customers in several states, including Kentucky, Maryland, Ohio, Pennsylvania and Virginia. Its electric utility, Northern Indiana Public Service Company (NIPSCO), serves customers in northern Indiana and provides both electric power and natural gas services.

The company’s operations include energy delivery infrastructure, utility system maintenance, customer services and investments intended to support reliability and the transition of its generation portfolio.