Personal Capital Advisors Corp raised its stake in shares of NiSource Inc. (NYSE:NI) by 46.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 26,908 shares of the utilities provider’s stock after purchasing an additional 8,522 shares during the period. Personal Capital Advisors Corp’s holdings in NiSource were worth $671,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI acquired a new position in NiSource during the 2nd quarter valued at about $3,355,000. Renaissance Technologies LLC boosted its stake in shares of NiSource by 9.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,528,100 shares of the utilities provider’s stock worth $40,158,000 after buying an additional 136,500 shares during the last quarter. US Bancorp DE boosted its stake in shares of NiSource by 5.4% in the 2nd quarter. US Bancorp DE now owns 62,592 shares of the utilities provider’s stock worth $1,645,000 after buying an additional 3,209 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of NiSource by 0.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 492,916 shares of the utilities provider’s stock worth $12,954,000 after buying an additional 3,817 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new position in shares of NiSource in the 2nd quarter worth approximately $232,000. Institutional investors and hedge funds own 90.64% of the company’s stock.

In related news, EVP Carrie J. Hightman sold 27,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $26.75, for a total value of $722,250.00. Following the transaction, the executive vice president now owns 325,066 shares in the company, valued at $8,695,515.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Donald Eugene Brown sold 2,400 shares of the company’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $26.50, for a total value of $63,600.00. Following the completion of the transaction, the chief financial officer now owns 49,167 shares in the company, valued at approximately $1,302,925.50. The disclosure for this sale can be found here. 0.37% of the stock is currently owned by corporate insiders.

NiSource stock opened at $24.31 on Friday. NiSource Inc. has a 12 month low of $22.44 and a 12 month high of $28.11. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $9.05 billion, a P/E ratio of 20.09, a PEG ratio of 3.51 and a beta of 0.17.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, August 1st. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). NiSource had a net margin of 5.20% and a return on equity of 9.19%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $999.39 million. During the same quarter in the previous year, the company posted $0.10 EPS. On average, analysts predict that NiSource Inc. will post 1.29 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 20th. Investors of record on Wednesday, October 31st will be paid a $0.195 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.78 annualized dividend and a yield of 3.21%. NiSource’s payout ratio is 64.46%.

A number of equities analysts have recently weighed in on the company. Guggenheim downgraded NiSource from a “buy” rating to a “neutral” rating in a research note on Monday, September 10th. They noted that the move was a valuation call. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, July 3rd. Barclays assumed coverage on NiSource in a research note on Tuesday, July 10th. They issued an “equal weight” rating and a $27.00 target price on the stock. KeyCorp boosted their target price on NiSource from $26.00 to $27.00 and gave the stock a “$26.15” rating in a research note on Thursday, July 19th. Finally, Bank of America restated a “buy” rating and issued a $28.00 target price on shares of NiSource in a research note on Monday, September 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.18.

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 to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

See Also: Earnings Per Share

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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