Mutual of America Capital Management LLC Sells 5,981 Shares of NiSource Inc. (NYSE:NI)

Mutual of America Capital Management LLC trimmed its stake in shares of NiSource Inc. (NYSE:NI) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,471 shares of the utilities provider’s stock after selling 5,981 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NiSource were worth $2,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in NI. Achmea Investment Management B.V. bought a new position in shares of NiSource during the first quarter worth about $33,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of NiSource during the fourth quarter worth about $36,000. Ancora Advisors LLC bought a new position in shares of NiSource during the fourth quarter worth about $40,000. Global Retirement Partners LLC raised its position in shares of NiSource by 41.4% during the third quarter. Global Retirement Partners LLC now owns 1,698 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 497 shares during the last quarter. Finally, Money Concepts Capital Corp bought a new stake in NiSource in the fourth quarter worth approximately $45,000. 91.64% of the stock is currently owned by institutional investors.

NiSource Trading Up 0.7 %

Shares of NiSource stock opened at $27.58 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.76 and a current ratio of 0.85. NiSource Inc. has a 52 week low of $22.86 and a 52 week high of $28.95. The stock has a 50 day moving average price of $26.72 and a two-hundred day moving average price of $26.17. The stock has a market capitalization of $12.36 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.59 billion. NiSource had a net margin of 12.98% and a return on equity of 10.10%. During the same period in the previous year, the firm earned $0.50 EPS. As a group, equities analysts anticipate that NiSource Inc. will post 1.71 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be given a dividend of $0.265 per share. The ex-dividend date is Monday, April 29th. This represents a $1.06 annualized dividend and a dividend yield of 3.84%. NiSource’s payout ratio is 72.11%.

Insider Activity at NiSource

In related news, SVP Melanie B. Berman sold 11,141 shares of NiSource stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total transaction of $297,019.06. Following the transaction, the senior vice president now owns 23,720 shares of the company’s stock, valued at $632,375.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NI shares. Barclays lifted their target price on NiSource from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. StockNews.com upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday, February 24th.

About NiSource

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.