Teachers Retirement System of The State of Kentucky Trims Holdings in NiSource Inc. (NYSE:NI)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of NiSource Inc. (NYSE:NIGet Rating) by 1.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,182 shares of the utilities provider’s stock after selling 1,206 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NiSource were worth $3,408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of NiSource by 4.6% in the 1st quarter. CWM LLC now owns 7,306 shares of the utilities provider’s stock valued at $232,000 after buying an additional 323 shares during the period. US Bancorp DE raised its holdings in shares of NiSource by 0.7% in the 1st quarter. US Bancorp DE now owns 52,964 shares of the utilities provider’s stock valued at $1,684,000 after buying an additional 343 shares during the period. Keene & Associates Inc. raised its holdings in shares of NiSource by 4.5% in the 1st quarter. Keene & Associates Inc. now owns 8,752 shares of the utilities provider’s stock valued at $278,000 after buying an additional 375 shares during the period. Xponance Inc. raised its holdings in shares of NiSource by 1.6% in the 1st quarter. Xponance Inc. now owns 25,491 shares of the utilities provider’s stock valued at $811,000 after buying an additional 397 shares during the period. Finally, Banque Pictet & Cie SA raised its holdings in shares of NiSource by 0.5% in the 1st quarter. Banque Pictet & Cie SA now owns 83,952 shares of the utilities provider’s stock valued at $2,670,000 after buying an additional 403 shares during the period. Hedge funds and other institutional investors own 95.79% of the company’s stock.

NiSource Stock Up 1.6 %

Shares of NYSE NI opened at $29.29 on Tuesday. The stock has a market cap of $11.89 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.78 and a beta of 0.38. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 1.59. NiSource Inc. has a 52-week low of $23.65 and a 52-week high of $32.58. The business has a 50-day moving average price of $29.89 and a 200 day moving average price of $30.09.

NiSource (NYSE:NIGet Rating) last announced its earnings results on Wednesday, August 3rd. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). NiSource had a net margin of 13.07% and a return on equity of 10.57%. During the same period last year, the firm earned $0.13 earnings per share. Equities research analysts forecast that NiSource Inc. will post 1.44 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Shareholders of record on Monday, October 31st will be given a dividend of $0.235 per share. The ex-dividend date is Friday, October 28th. This represents a $0.94 dividend on an annualized basis and a yield of 3.21%. NiSource’s payout ratio is 61.04%.

Wall Street Analyst Weigh In

NI has been the topic of several research analyst reports. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a report on Wednesday, July 27th. BMO Capital Markets increased their price target on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Evercore ISI increased their price target on NiSource to $33.00 in a research report on Tuesday, August 9th. Finally, Barclays reduced their price target on NiSource from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $32.29.

About NiSource

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NiSource, Inc is a holding company, which engages in energy solutions. Through its subsidiaries, it provides natural gas, electricity, and other products and services. It operates through the following segments: Gas Distribution Operations and Electric Operations. The Gas Distribution Operations segment focuses on natural gas service and transportation for residential, commercial, and industrial customers.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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