Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $1.49 Million Position in NiSource Inc. (NYSE:NI)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in NiSource Inc. (NYSE:NI) by 12.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,991 shares of the utilities provider’s stock after acquiring an additional 5,746 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in NiSource were worth $1,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wetherby Asset Management Inc. increased its position in shares of NiSource by 4.4% during the 4th 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 during the last quarter. Trust Co. of Vermont increased its position in shares of NiSource by 12.7% during the 4th 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 during the last quarter. LPL Financial LLC increased its position in shares of NiSource by 2.3% during the 4th quarter. LPL Financial LLC now owns 22,766 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 518 shares during the last quarter. Advisor Group Inc. increased its position in shares of NiSource by 6.0% during the 4th quarter. Advisor Group Inc. now owns 9,292 shares of the utilities provider’s stock worth $236,000 after purchasing an additional 524 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of NiSource by 3.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the utilities provider’s stock worth $565,000 after purchasing an additional 600 shares during the last quarter. 93.94% of the stock is owned by institutional investors and hedge funds.

Shares of NI traded down $0.43 during midday trading on Wednesday, hitting $27.44. The company had a trading volume of 2,678,884 shares, compared to its average volume of 2,876,843. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.42 and a current ratio of 0.48. The stock has a market capitalization of $10.38 billion, a PE ratio of 21.11, a PEG ratio of 3.71 and a beta of 0.26. NiSource Inc. has a 1 year low of $23.23 and a 1 year high of $28.85.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.05. NiSource had a positive return on equity of 10.76% and a negative net margin of 2.06%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the company earned $0.77 EPS. Analysts predict that NiSource Inc. will post 1.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Wednesday, July 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Tuesday, July 30th. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

A number of equities analysts recently commented on NI shares. Zacks Investment Research upgraded NiSource from a “sell” rating to a “hold” rating in a report on Monday, May 20th. ValuEngine upgraded NiSource from a “hold” rating to a “buy” rating in a report on Friday, March 1st. Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and raised their target price for the company from $26.00 to $29.00 in a report on Monday, April 8th. Bank of America cut NiSource from a “buy” rating to a “neutral” rating and set a $27.37 target price for the company. in a report on Monday, April 22nd. Finally, KeyCorp restated a “buy” rating and set a $28.50 target price on shares of NiSource in a report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. NiSource currently has an average rating of “Hold” and an average price target of $27.87.

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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.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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