Axa Acquires 22,400 Shares of NiSource Inc. (NI)

AXA raised its stake in shares of NiSource Inc. (NYSE:NI) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 517,500 shares of the utilities provider’s stock after purchasing an additional 22,400 shares during the quarter. AXA owned 0.15% of NiSource worth $13,284,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of NiSource by 4.6% in the fourth quarter. BlackRock Inc. now owns 24,779,376 shares of the utilities provider’s stock valued at $636,086,000 after acquiring an additional 1,093,752 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NiSource by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 3,561,143 shares of the utilities provider’s stock valued at $91,226,000 after acquiring an additional 234,175 shares during the last quarter. Maple Brown Abbott Ltd raised its stake in shares of NiSource by 36.9% in the fourth quarter. Maple Brown Abbott Ltd now owns 3,451,218 shares of the utilities provider’s stock valued at $88,593,000 after acquiring an additional 930,314 shares during the last quarter. Commonwealth Bank of Australia raised its stake in shares of NiSource by 3.1% in the third quarter. Commonwealth Bank of Australia now owns 3,350,014 shares of the utilities provider’s stock valued at $85,422,000 after acquiring an additional 102,242 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of NiSource by 6.2% in the third quarter. Legal & General Group Plc now owns 2,615,015 shares of the utilities provider’s stock valued at $66,917,000 after acquiring an additional 152,500 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on NI shares. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Tuesday, January 16th. Jefferies Group reiterated a “hold” rating and issued a $26.00 target price on shares of NiSource in a research note on Wednesday, December 20th. Bank of America upgraded shares of NiSource from a “neutral” rating to a “buy” rating in a research note on Friday, March 23rd. Goldman Sachs upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, January 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $25.00 target price on shares of NiSource in a research note on Thursday, March 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.45.

NI stock traded down $0.06 during trading on Monday, hitting $23.85. The company had a trading volume of 3,460,681 shares, compared to its average volume of 3,946,527. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.55 and a quick ratio of 0.41. NiSource Inc. has a 12 month low of $22.44 and a 12 month high of $27.76. The stock has a market capitalization of $8,067.49, a PE ratio of 19.71, a price-to-earnings-growth ratio of 3.43 and a beta of 0.26.

NiSource (NYSE:NI) last posted its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. NiSource had a net margin of 2.64% and a return on equity of 8.90%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the company posted $0.33 EPS. equities analysts expect that NiSource Inc. will post 1.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 18th. Shareholders of record on Monday, April 30th will be given a dividend of $0.195 per share. This represents a $0.78 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, April 27th. NiSource’s payout ratio is 64.46%.

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About NiSource

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

Institutional Ownership by Quarter for NiSource (NYSE:NI)

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