NiSource Inc. (NYSE:NI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in NiSource Inc. (NYSE:NI) by 2.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,301,600 shares of the utilities provider’s stock after selling 28,300 shares during the period. Swiss National Bank owned about 0.35% of NiSource worth $37,486,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. DekaBank Deutsche Girozentrale lifted its stake in NiSource by 218.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 89,871 shares of the utilities provider’s stock valued at $2,610,000 after acquiring an additional 61,647 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new stake in NiSource in the second quarter valued at approximately $31,000. Tdam USA Inc. lifted its stake in NiSource by 2.5% in the second quarter. Tdam USA Inc. now owns 17,189 shares of the utilities provider’s stock valued at $495,000 after acquiring an additional 415 shares during the last quarter. Keybank National Association OH lifted its stake in NiSource by 2.1% in the second quarter. Keybank National Association OH now owns 178,944 shares of the utilities provider’s stock valued at $5,153,000 after acquiring an additional 3,619 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in NiSource in the second quarter valued at approximately $4,043,000. Institutional investors own 94.39% of the company’s stock.

In related news, Director Michael E. Jesanis sold 6,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $29.01, for a total transaction of $174,060.00. Following the transaction, the director now owns 32,997 shares of the company’s stock, valued at $957,242.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Donald Eugene Brown sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $28.04, for a total transaction of $280,400.00. Following the transaction, the chief financial officer now directly owns 77,603 shares in the company, valued at approximately $2,175,988.12. The disclosure for this sale can be found here. Insiders have sold 94,405 shares of company stock worth $2,768,990 in the last ninety days. 0.35% of the stock is currently owned by insiders.

NI has been the subject of a number of analyst reports. Zacks Investment Research cut shares of NiSource from a “hold” rating to a “sell” rating and set a $30.00 target price for the company. in a research note on Wednesday, May 29th. Wolfe Research lowered shares of NiSource from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 5th. Argus raised shares of NiSource from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, July 24th. Credit Suisse Group lowered shares of NiSource from an “outperform” rating to a “neutral” rating in a research report on Wednesday, August 7th. Finally, TheStreet raised shares of NiSource from a “c+” rating to a “b-” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.32.

Shares of NYSE:NI traded up $0.12 during trading on Wednesday, reaching $29.44. The stock had a trading volume of 16,466 shares, compared to its average volume of 4,367,957. NiSource Inc. has a 52 week low of $24.19 and a 52 week high of $30.34. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 4.20 and a beta of 0.23. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.40. The stock has a fifty day simple moving average of $29.24 and a two-hundred day simple moving average of $28.21.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, July 31st. The utilities provider reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. NiSource had a net margin of 3.15% and a return on equity of 10.60%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.07 earnings per share. On average, analysts forecast that NiSource Inc. will post 1.3 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, October 30th. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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