Gulf International Bank UK Ltd Has $1.20 Million Stock Holdings in NiSource Inc. (NYSE:NI)

Gulf International Bank UK Ltd trimmed its position in NiSource Inc. (NYSE:NI) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,558 shares of the utilities provider’s stock after selling 693 shares during the quarter. Gulf International Bank UK Ltd’s holdings in NiSource were worth $1,196,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in NiSource by 5.8% in the 3rd quarter. State Street Corp now owns 22,691,174 shares of the utilities provider’s stock valued at $786,249,000 after buying an additional 1,247,368 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of NiSource by 88.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider’s stock worth $516,373,000 after purchasing an additional 6,991,608 shares in the last quarter. FMR LLC grew its holdings in shares of NiSource by 0.9% during the 3rd quarter. FMR LLC now owns 11,396,489 shares of the utilities provider’s stock worth $394,888,000 after purchasing an additional 99,882 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NiSource by 3.0% during the 3rd quarter. Jennison Associates LLC now owns 10,823,095 shares of the utilities provider’s stock worth $375,020,000 after purchasing an additional 316,225 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of NiSource by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 10,747,328 shares of the utilities provider’s stock worth $371,139,000 after purchasing an additional 178,365 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Price Performance

Shares of NI stock opened at $40.79 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.51 and a debt-to-equity ratio of 1.13. NiSource Inc. has a twelve month low of $25.71 and a twelve month high of $40.88. The company has a market cap of $19.17 billion, a P/E ratio of 25.18, a P/E/G ratio of 2.56 and a beta of 0.54. The business has a fifty day simple moving average of $37.84 and a 200 day simple moving average of $35.94.

NiSource (NYSE:NI) last announced 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 period in the prior year, the company earned $0.53 EPS. On average, sell-side analysts forecast that NiSource Inc. will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, February 3rd were given a dividend of $0.28 per share. This is an increase from NiSource’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.75%. The ex-dividend date was Monday, February 3rd. NiSource’s dividend payout ratio is currently 69.14%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their target price on NiSource from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, NiSource presently has a consensus rating of “Buy” and a consensus price target of $38.13.

Insider Buying and Selling

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $39.92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now directly owns 24,758 shares in the company, valued at approximately $988,339.36. This trade represents a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by corporate insiders.

NiSource Company 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.