Tyler Stone Wealth Management Has $982,000 Position in NiSource Inc. (NYSE:NI)

Tyler Stone Wealth Management lowered its stake in shares of NiSource Inc. (NYSE:NI) by 8.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,722 shares of the utilities provider’s stock after selling 2,600 shares during the period. Tyler Stone Wealth Management’s holdings in NiSource were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in NiSource by 88.4% during the third quarter. JPMorgan Chase & Co. now owns 14,902,538 shares of the utilities provider’s stock valued at $516,373,000 after purchasing an additional 6,991,608 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of NiSource by 4.4% in the 4th quarter. Vanguard Group Inc. now owns 57,793,581 shares of the utilities provider’s stock worth $2,124,492,000 after acquiring an additional 2,459,452 shares in the last quarter. Bank of Montreal Can increased its holdings in NiSource by 53.3% during the 3rd quarter. Bank of Montreal Can now owns 5,124,909 shares of the utilities provider’s stock valued at $176,194,000 after purchasing an additional 1,782,078 shares in the last quarter. State Street Corp increased its position 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 acquiring an additional 1,247,368 shares in the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of NiSource by 793.3% during the third quarter. Retirement Systems of Alabama now owns 883,387 shares of the utilities provider’s stock valued at $30,609,000 after purchasing an additional 784,495 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Price Performance

Shares of NI stock opened at $39.63 on Wednesday. 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 12-month low of $26.26 and a 12-month high of $41.45. The firm has a fifty day moving average of $38.80 and a 200-day moving average of $36.76. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 24.46, a price-to-earnings-growth ratio of 2.56 and a beta of 0.50.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $0.53 EPS. On average, equities research analysts forecast that NiSource Inc. will post 1.91 earnings per share for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Wednesday, April 30th will be issued a $0.28 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 annualized dividend and a yield of 2.83%. NiSource’s dividend payout ratio is currently 69.14%.

Insider Transactions at NiSource

In other NiSource news, CAO Gunnar Gode sold 5,500 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $39.92, for a total transaction of $219,560.00. Following the transaction, the chief accounting officer now owns 24,758 shares in the company, valued at $988,339.36. This trade represents a 18.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NI shares. UBS Group upped their target price on shares of NiSource from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Wells Fargo & Company increased their price objective on shares of NiSource from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $38.89.

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.