Robeco Institutional Asset Management B.V. Has $956,000 Holdings in NiSource Inc. (NYSE:NI)

Robeco Institutional Asset Management B.V. cut its stake in shares of NiSource Inc. (NYSE:NI) by 17.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,172 shares of the utilities provider’s stock after selling 7,021 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in NiSource were worth $956,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of NiSource by 3.9% during the first quarter. JPMorgan Chase & Co. now owns 15,148,835 shares of the utilities provider’s stock worth $434,165,000 after buying an additional 567,988 shares in the last quarter. Jennison Associates LLC increased its holdings in NiSource by 73.1% in the first quarter. Jennison Associates LLC now owns 5,626,608 shares of the utilities provider’s stock valued at $161,259,000 after purchasing an additional 2,375,299 shares during the period. Commonwealth Bank of Australia increased its holdings in NiSource by 32.7% in the first quarter. Commonwealth Bank of Australia now owns 5,318,979 shares of the utilities provider’s stock valued at $152,428,000 after purchasing an additional 1,309,337 shares during the period. Geode Capital Management LLC increased its holdings in NiSource by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 4,703,532 shares of the utilities provider’s stock valued at $119,026,000 after purchasing an additional 363,894 shares during the period. Finally, Northern Trust Corp increased its holdings in NiSource by 2.9% in the first quarter. Northern Trust Corp now owns 4,587,546 shares of the utilities provider’s stock valued at $131,480,000 after purchasing an additional 128,055 shares during the period. Institutional investors own 93.88% of the company’s stock.

A number of analysts recently weighed in on NI shares. TheStreet upgraded NiSource from a “c+” rating to a “b-” rating in a report on Monday, May 13th. Argus upgraded NiSource from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a report on Wednesday, July 24th. Wolfe Research downgraded NiSource from an “outperform” rating to a “peer perform” rating in a report on Monday. Bank of America downgraded NiSource from a “buy” rating to a “neutral” rating and set a $27.37 price objective for the company. in a report on Monday, April 22nd. Finally, Credit Suisse Group downgraded NiSource from an “outperform” rating to a “neutral” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $28.32.

NI traded down $0.08 during trading on Friday, reaching $28.72. 19,239 shares of the stock traded hands, compared to its average volume of 2,895,456. 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 market capitalization of $10.49 billion, a PE ratio of 22.12, a PEG ratio of 4.01 and a beta of 0.23. The company has a 50-day simple moving average of $29.25. NiSource Inc. has a 12 month low of $24.19 and a 12 month high of $30.34.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, July 31st. The utilities provider reported $0.05 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.05. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.06 billion. NiSource had a net margin of 3.15% and a return on equity of 10.60%. During the same quarter in the prior year, the firm posted $0.07 earnings per share. Equities research analysts anticipate that NiSource Inc. will post 1.3 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.79%. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

In other news, EVP Carrie J. Hightman sold 22,000 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $29.96, for a total transaction of $659,120.00. Following the transaction, the executive vice president now owns 329,207 shares of the company’s stock, valued at approximately $9,863,041.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael E. Jesanis sold 4,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $29.96, for a total transaction of $119,840.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,168,350.12. The disclosure for this sale can be found here. Insiders have sold 88,405 shares of company stock worth $2,594,930 in the last ninety days. Insiders own 0.35% of the company’s stock.

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.

Further Reading: How is a Moving Average Calculated?

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).

Institutional Ownership by Quarter for NiSource (NYSE:NI)

Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.