NiSource Inc. (NYSE:NI) Shares Acquired by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC boosted its stake in NiSource Inc. (NYSE:NI) by 808.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,432 shares of the utilities provider’s stock after purchasing an additional 3,944 shares during the period. New Age Alpha Advisors LLC’s holdings in NiSource were worth $163,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NI. Securian Asset Management Inc. lifted its position in shares of NiSource by 1.1% during the fourth quarter. Securian Asset Management Inc. now owns 25,087 shares of the utilities provider’s stock worth $922,000 after purchasing an additional 282 shares in the last quarter. Aviso Financial Inc. boosted its position in NiSource by 1.0% in the 4th quarter. Aviso Financial Inc. now owns 31,450 shares of the utilities provider’s stock valued at $1,156,000 after buying an additional 300 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its position in NiSource by 5.6% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 5,648 shares of the utilities provider’s stock valued at $207,000 after buying an additional 300 shares during the last quarter. AMG National Trust Bank grew its stake in shares of NiSource by 0.6% during the fourth quarter. AMG National Trust Bank now owns 48,716 shares of the utilities provider’s stock valued at $1,788,000 after acquiring an additional 308 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in shares of NiSource by 4.1% during the third quarter. Coldstream Capital Management Inc. now owns 10,457 shares of the utilities provider’s stock worth $363,000 after acquiring an additional 414 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NI shares. Mizuho increased their price target on NiSource from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, March 26th. UBS Group increased their target price on NiSource from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, March 21st. Finally, Wells Fargo & Company lifted their price target on shares of NiSource from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.33.

NiSource Stock Up 0.8 %

NI stock opened at $40.72 on Thursday. The firm has a fifty day moving average price of $39.06 and a two-hundred day moving average price of $37.01. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41. NiSource Inc. has a 1-year low of $26.26 and a 1-year high of $41.45. The firm has a market cap of $19.14 billion, a price-to-earnings ratio of 25.14, a PEG ratio of 2.56 and a beta of 0.48.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). NiSource had a return on equity of 7.87% and a net margin of 13.94%. During the same quarter last year, the business posted $0.53 EPS. Research analysts predict that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.75%. NiSource’s dividend payout ratio is currently 69.14%.

Insider Buying and Selling

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $39.92, for a total transaction of $219,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,758 shares of the company’s stock, valued at $988,339.36. The trade was a 18.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by company insiders.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.