Cramer Rosenthal Mcglynn LLC lessened its holdings in shares of NiSource Inc. (NYSE:NI) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,878,261 shares of the utilities provider’s stock after selling 133,402 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.56% of NiSource worth $48,215,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Guggenheim Capital LLC raised its stake in shares of NiSource by 16.9% in the 4th quarter. Guggenheim Capital LLC now owns 1,636,218 shares of the utilities provider’s stock worth $42,000,000 after buying an additional 236,594 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of NiSource by 31.4% in the 4th quarter. Franklin Resources Inc. now owns 2,654,095 shares of the utilities provider’s stock worth $68,131,000 after buying an additional 634,000 shares in the last quarter. Jefferies Group LLC raised its stake in shares of NiSource by 170.8% in the 4th quarter. Jefferies Group LLC now owns 90,135 shares of the utilities provider’s stock worth $2,314,000 after buying an additional 56,847 shares in the last quarter. Castleton Investment Management LLC raised its stake in shares of NiSource by 38.6% in the 4th quarter. Castleton Investment Management LLC now owns 198,098 shares of the utilities provider’s stock worth $5,085,000 after buying an additional 55,200 shares in the last quarter. Finally, Advisor Group Inc. raised its stake in shares of NiSource by 26.8% in the 4th quarter. Advisor Group Inc. now owns 18,051 shares of the utilities provider’s stock worth $464,000 after buying an additional 3,815 shares in the last quarter. Institutional investors own 86.97% of the company’s stock.
Shares of NiSource Inc. (NYSE NI) opened at $23.14 on Tuesday. The stock has a market capitalization of $7,810.00, a price-to-earnings ratio of 57.85, a PEG ratio of 3.24 and a beta of 0.35. The company has a current ratio of 0.55, a quick ratio of 0.41 and a debt-to-equity ratio of 1.74. NiSource Inc. has a 52-week low of $22.44 and a 52-week high of $27.76.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were issued a dividend of $0.195 per share. This is an increase from NiSource’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, February 8th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.37%. NiSource’s payout ratio is currently 195.00%.
NI has been the topic of a number of recent analyst reports. Goldman Sachs Group raised NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, January 10th. Zacks Investment Research raised NiSource from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Thursday, January 4th. Edward Jones raised NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Jefferies Group reaffirmed a “hold” rating and set a $26.00 target price on shares of NiSource in a research report on Wednesday, December 20th. Finally, Citigroup boosted their target price on NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, November 20th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $27.41.
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NiSource Company Profile
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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