Integrated Wealth Concepts LLC Acquires 256 Shares of NiSource Inc. (NYSE:NI)

Integrated Wealth Concepts LLC increased its stake in NiSource Inc. (NYSE:NI) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 13,987 shares of the utilities provider’s stock after purchasing an additional 256 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in NiSource were worth $514,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NI. Barclays PLC raised its position in shares of NiSource by 25.3% during the 3rd quarter. Barclays PLC now owns 1,352,182 shares of the utilities provider’s stock valued at $46,852,000 after buying an additional 273,159 shares in the last quarter. Virtu Financial LLC purchased a new stake in NiSource during the third quarter valued at about $348,000. World Investment Advisors LLC bought a new stake in NiSource during the third quarter worth about $227,000. Tidal Investments LLC boosted its holdings in shares of NiSource by 271.7% in the 3rd quarter. Tidal Investments LLC now owns 35,551 shares of the utilities provider’s stock worth $1,232,000 after purchasing an additional 25,987 shares in the last quarter. Finally, Synovus Financial Corp bought a new position in shares of NiSource during the 3rd quarter valued at about $280,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NI has been the topic of several research reports. Mizuho lifted their price target on shares of NiSource from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 26th. Barclays upped their price objective on shares of NiSource from $38.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, April 25th. BMO Capital Markets raised their price objective on NiSource from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Monday, April 28th. UBS Group raised their price objective on NiSource from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. upped their target price on shares of NiSource from $42.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, NiSource currently has a consensus rating of “Buy” and a consensus target price of $41.11.

NiSource Trading Up 0.9 %

Shares of NI stock opened at $39.30 on Friday. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. NiSource Inc. has a 12-month low of $27.60 and a 12-month high of $41.45. The stock has a market capitalization of $18.49 billion, a P/E ratio of 24.26, a P/E/G ratio of 2.56 and a beta of 0.48. The firm’s 50 day moving average is $39.19 and its 200 day moving average is $37.71.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.49 EPS 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 period in the prior year, the business posted $0.53 earnings per share. Research analysts expect that NiSource Inc. will post 1.91 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Wednesday, April 30th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 2.85%. The ex-dividend date is Wednesday, April 30th. NiSource’s dividend payout ratio (DPR) is presently 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 stock was sold at an average price of $39.92, for a total transaction of $219,560.00. Following the completion of the sale, the chief accounting officer now owns 24,758 shares of the company’s stock, valued at approximately $988,339.36. The trade was a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by 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.