Crossmark Global Holdings Inc. decreased its stake in shares of NiSource Inc. (NYSE:NI) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 32,072 shares of the utilities provider’s stock after selling 11,828 shares during the period. Crossmark Global Holdings Inc.’s holdings in NiSource were worth $823,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. FMR LLC grew its position in shares of NiSource by 31.3% during the 2nd quarter. FMR LLC now owns 855,250 shares of the utilities provider’s stock worth $21,689,000 after buying an additional 203,941 shares during the period. Swiss National Bank grew its position in shares of NiSource by 1.1% during the 3rd quarter. Swiss National Bank now owns 1,191,700 shares of the utilities provider’s stock worth $30,496,000 after buying an additional 13,200 shares during the period. Janus Henderson Group PLC grew its position in shares of NiSource by 29.6% during the 3rd quarter. Janus Henderson Group PLC now owns 401,087 shares of the utilities provider’s stock worth $10,263,000 after buying an additional 91,675 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of NiSource by 2.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,474,798 shares of the utilities provider’s stock worth $37,741,000 after purchasing an additional 39,203 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of NiSource by 8.7% in the 3rd quarter. Prudential Financial Inc. now owns 660,083 shares of the utilities provider’s stock worth $16,892,000 after purchasing an additional 52,620 shares in the last quarter. 82.75% of the stock is owned by institutional investors.
NiSource Inc. (NYSE:NI) opened at $23.48 on Friday. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. NiSource Inc. has a 52 week low of $22.44 and a 52 week high of $27.76. The firm has a market capitalization of $7,870.87, a price-to-earnings ratio of 28.63, a price-to-earnings-growth ratio of 2.77 and a beta of 0.24.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be paid 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 yield of 3.32%. NiSource’s dividend payout ratio (DPR) is 95.12%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut NiSource from a “buy” rating to a “hold” rating in a report on Monday, January 29th. JPMorgan Chase & Co. cut their target price on NiSource from $28.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, January 25th. Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, January 10th. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Jefferies Group reiterated a “hold” rating and issued a $26.00 target price on shares of NiSource in a report on Wednesday, December 20th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. NiSource currently has a consensus rating of “Buy” and a consensus target price of $27.14.
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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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