Eaton Vance Management continued to hold its position in shares of NiSource Inc. (NYSE:NI) during the second quarter, Holdings Channel reports. The firm owned 95,745 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in NiSource were worth $2,539,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of NI. MUFG Americas Holdings Corp increased its position in shares of NiSource by 2.5% in the second quarter. MUFG Americas Holdings Corp now owns 4,149 shares of the company’s stock worth $110,000 after buying an additional 100 shares in the last quarter. TCI Wealth Advisors Inc. increased its position in shares of NiSource by 0.5% in the second quarter. TCI Wealth Advisors Inc. now owns 4,671 shares of the company’s stock worth $124,000 after buying an additional 22 shares in the last quarter. Mn Services Vermogensbeheer B.V. acquired a new position in shares of NiSource during the second quarter worth $193,000. Glenmede Trust Co. NA increased its position in shares of NiSource by 9.1% in the second quarter. Glenmede Trust Co. NA now owns 7,325 shares of the company’s stock worth $193,000 after buying an additional 611 shares in the last quarter. Finally, Commerce Bank acquired a new position in shares of NiSource during the second quarter worth $200,000. Institutional investors and hedge funds own 82.28% of the company’s stock.
Shares of NiSource Inc. (NYSE:NI) traded down 0.79% during mid-day trading on Thursday, hitting $25.18. The company’s stock had a trading volume of 1,454,559 shares. The company has a 50-day moving average price of $24.45 and a 200-day moving average price of $24.30. NiSource Inc. has a 1-year low of $17.30 and a 1-year high of $26.94. The stock has a market cap of $8.11 billion, a PE ratio of 30.63 and a beta of 0.25.
NiSource (NYSE:NI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.01. NiSource had a net margin of 6.18% and a return on equity of 8.75%. During the same period in the previous year, the company posted $0.18 earnings per share. Analysts predict that NiSource Inc. will post $1.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, October 31st will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, October 27th. NiSource’s dividend payout ratio (DPR) is presently 80.49%.
A number of analysts recently issued reports on NI shares. Evercore ISI cut NiSource from a “hold” rating to a “sell” rating and set a $23.75 price objective for the company. in a research report on Wednesday, July 6th. KeyCorp reissued an “outperform” rating and set a $27.00 price objective (up previously from $25.50) on shares of NiSource in a research report on Tuesday, July 5th. Jefferies Group cut NiSource from a “hold” rating to an “underperform” rating and set a $22.00 price objective for the company. in a research report on Monday, July 25th. Argus reissued a “hold” rating on shares of NiSource in a research report on Monday, July 11th. Finally, Zacks Investment Research cut NiSource from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.34.
In other NiSource news, VP Teresa M. Smith sold 1,200 shares of the stock in a transaction dated Wednesday, August 31st. The stock was sold at an average price of $23.75, for a total transaction of $28,500.00. Following the completion of the transaction, the vice president now owns 37,883 shares in the company, valued at approximately $899,721.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.
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 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.
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