Calamos Advisors LLC grew its position in NiSource Inc. (NYSE:NI) by 2.5% in the first quarter, HoldingsChannel.com reports. The firm owned 278,099 shares of the utilities provider’s stock after acquiring an additional 6,851 shares during the period. Calamos Advisors LLC’s holdings in NiSource were worth $7,970,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of NI. JPMorgan Chase & Co. boosted its position in shares of NiSource by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 12,869,201 shares of the utilities provider’s stock worth $320,701,000 after purchasing an additional 3,317,125 shares during the period. Bank of New York Mellon Corp boosted its position in shares of NiSource by 3.4% in the third quarter. Bank of New York Mellon Corp now owns 3,519,387 shares of the utilities provider’s stock worth $87,703,000 after purchasing an additional 116,488 shares during the period. FMR LLC lifted its holdings in shares of NiSource by 215.6% in the third quarter. FMR LLC now owns 1,484,823 shares of the utilities provider’s stock worth $37,002,000 after buying an additional 1,014,318 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of NiSource by 16.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,400,896 shares of the utilities provider’s stock worth $34,908,000 after buying an additional 200,381 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NiSource in the third quarter worth $500,000. Institutional investors and hedge funds own 93.43% of the company’s stock.
Several equities analysts have recently commented on NI shares. KeyCorp boosted their target price on shares of NiSource from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, December 17th. Zacks Investment Research reissued a “hold” rating on shares of NiSource in a report on Monday, December 31st. ValuEngine raised shares of NiSource from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Guggenheim raised shares of NiSource from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Finally, Goldman Sachs Group raised shares of NiSource from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $29.00 in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.85.
NI stock opened at $28.07 on Friday. NiSource Inc. has a one year low of $23.23 and a one year high of $28.85. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $10.46 billion, a PE ratio of 21.59, a P/E/G ratio of 3.54 and a beta of 0.28.
NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.40 billion. NiSource had a negative net margin of 0.99% and a positive return on equity of 9.69%. During the same quarter in the prior year, the firm earned $0.33 earnings per share. On average, equities research analysts predict that NiSource Inc. will post 1.3 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, April 29th. NiSource’s payout ratio is 61.54%.
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NiSource Company Profile
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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