BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of NiSource Inc. (NYSE:NI) by 10.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,021 shares of the utilities provider’s stock after acquiring an additional 11,294 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in NiSource were worth $3,119,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Wetherby Asset Management Inc. grew its stake in NiSource by 4.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 9,826 shares of the utilities provider’s stock worth $249,000 after purchasing an additional 414 shares in the last quarter. Trust Co. of Vermont grew its stake in NiSource by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 3,685 shares of the utilities provider’s stock worth $93,000 after purchasing an additional 414 shares in the last quarter. LPL Financial LLC grew its stake in NiSource by 2.3% in the fourth quarter. LPL Financial LLC now owns 22,766 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 518 shares in the last quarter. Advisor Group Inc. grew its stake in NiSource by 6.0% in the fourth quarter. Advisor Group Inc. now owns 9,292 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 524 shares in the last quarter. Finally, Advisor Partners LLC grew its stake in NiSource by 4.7% in the fourth quarter. Advisor Partners LLC now owns 14,325 shares of the utilities provider’s stock worth $363,000 after purchasing an additional 643 shares in the last quarter. Institutional investors own 93.70% of the company’s stock.

NI has been the subject of a number of research reports. Guggenheim upgraded NiSource from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Thursday, December 20th. ValuEngine upgraded NiSource from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. KeyCorp reiterated a “buy” rating and issued a $28.50 price target on shares of NiSource in a research note on Tuesday, February 5th. Finally, Barclays set a $27.00 target price on NiSource and gave the company a “hold” rating in a research note on Saturday, November 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.85.

NI opened at $27.89 on Friday. The company has a market cap of $10.39 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 3.54 and a beta of 0.28. The company has a current ratio of 0.51, a quick ratio of 0.40 and a debt-to-equity ratio of 1.46. NiSource Inc. has a twelve month low of $23.04 and a twelve month high of $28.13.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 20th. The utilities provider reported $0.38 earnings per share 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 analysts’ expectations of $1.40 billion. NiSource had a positive return on equity of 9.69% and a negative net margin of 0.99%. During the same quarter in the previous year, the company posted $0.33 earnings per share. As a group, analysts anticipate that NiSource Inc. will post 1.3 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 20th. Stockholders of record on Monday, February 11th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.20. NiSource’s payout ratio is 61.54%.

WARNING: This piece of content was originally reported by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.dailypolitical.com/2019/03/16/nisource-inc-ni-stake-increased-by-british-columbia-investment-management-corp.html.

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.

Featured Story: Is it better to buy a fund with a higher or lower NAV?

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.