NiSource Inc. (NI) Shares Bought by Creative Planning

Creative Planning increased its stake in shares of NiSource Inc. (NYSE:NI) by 9.7% during the first quarter, Holdings Channel reports. The firm owned 31,059 shares of the utilities provider’s stock after buying an additional 2,737 shares during the period. Creative Planning’s holdings in NiSource were worth $739,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NI. State Street Corp raised its stake in shares of NiSource by 1.1% in the fourth quarter. State Street Corp now owns 16,546,768 shares of the utilities provider’s stock valued at $366,339,000 after buying an additional 179,592 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of NiSource by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 8,375,718 shares of the utilities provider’s stock valued at $201,939,000 after buying an additional 95,672 shares during the period. BlackRock Fund Advisors raised its stake in shares of NiSource by 3.5% in the third quarter. BlackRock Fund Advisors now owns 8,057,889 shares of the utilities provider’s stock valued at $194,276,000 after buying an additional 273,576 shares during the period. AQR Capital Management LLC raised its stake in shares of NiSource by 17.8% in the fourth quarter. AQR Capital Management LLC now owns 5,465,127 shares of the utilities provider’s stock valued at $120,998,000 after buying an additional 823,835 shares during the period. Finally, Janus Capital Management LLC raised its stake in shares of NiSource by 6.5% in the fourth quarter. Janus Capital Management LLC now owns 4,285,519 shares of the utilities provider’s stock valued at $94,882,000 after buying an additional 260,469 shares during the period. Hedge funds and other institutional investors own 83.27% of the company’s stock.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

Shares of NiSource Inc. (NYSE:NI) opened at 24.12 on Friday. NiSource Inc. has a 52 week low of $21.17 and a 52 week high of $26.94. The firm’s 50-day moving average is $23.69 and its 200-day moving average is $22.69. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 23.62 and a beta of 0.29.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.01. NiSource had a return on equity of 8.76% and a net margin of 6.87%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts anticipate that NiSource Inc. will post $1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Friday, April 28th will be issued a dividend of $0.175 per share. The ex-dividend date is Wednesday, April 26th. This represents a $0.70 annualized dividend and a yield of 2.90%. NiSource’s dividend payout ratio is presently 76.09%.

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Several analysts recently issued reports on NI shares. Jefferies Group LLC restated a “hold” rating and issued a $23.00 price objective on shares of NiSource in a report on Friday, March 31st. Guggenheim upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a report on Monday, January 9th. Finally, Zacks Investment Research lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. NiSource currently has an average rating of “Hold” and an average price target of $25.09.

In other NiSource news, EVP Carrie J. Hightman sold 24,000 shares of NiSource stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $23.28, for a total transaction of $558,720.00. Following the sale, the executive vice president now directly owns 409,199 shares in the company, valued at approximately $9,526,152.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph W. Mulpas sold 13,000 shares of NiSource stock in a transaction that occurred on Friday, March 10th. The stock was sold at an average price of $23.28, for a total value of $302,640.00. Following the sale, the vice president now owns 37,889 shares in the company, valued at $882,055.92. The disclosure for this sale can be found here. 0.32% of the stock is owned by insiders.

About NiSource

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.

5 Day Chart for NYSE:NI

Want to see what other hedge funds are holding NI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NiSource Inc. (NYSE:NI).

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