Pathway Financial Advisers LLC Has $753,000 Stock Holdings in NiSource Inc. (NYSE:NI)

Pathway Financial Advisers LLC lifted its stake in shares of NiSource Inc. (NYSE:NI) by 8.8% during the third quarter, Holdings Channel reports. The firm owned 21,740 shares of the utilities provider’s stock after purchasing an additional 1,751 shares during the quarter. Pathway Financial Advisers LLC’s holdings in NiSource were worth $753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zimmer Partners LP grew its holdings in shares of NiSource by 146.2% during the first quarter. Zimmer Partners LP now owns 8,907,743 shares of the utilities provider’s stock valued at $246,388,000 after buying an additional 5,290,322 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of NiSource by 68.1% during the second quarter. Bank of Montreal Can now owns 3,342,831 shares of the utilities provider’s stock valued at $96,407,000 after buying an additional 1,353,977 shares in the last quarter. Vaughan David Investments LLC IL purchased a new position in shares of NiSource during the first quarter valued at $34,419,000. Vanguard Group Inc. grew its holdings in shares of NiSource by 1.8% during the first quarter. Vanguard Group Inc. now owns 54,946,594 shares of the utilities provider’s stock valued at $1,519,823,000 after buying an additional 991,336 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of NiSource by 118.4% during the second quarter. AQR Capital Management LLC now owns 1,616,189 shares of the utilities provider’s stock valued at $46,449,000 after buying an additional 876,033 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NI has been the topic of a number of recent research reports. Evercore ISI boosted their target price on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Wells Fargo & Company upped their target price on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on NiSource in a research report on Thursday, September 12th. They issued a “buy” rating and a $37.00 target price on the stock. Mizuho initiated coverage on NiSource in a research report on Thursday, July 11th. They issued an “outperform” rating and a $33.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, NiSource currently has an average rating of “Moderate Buy” and an average price target of $36.29.

NiSource Stock Performance

Shares of NYSE NI opened at $34.82 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.63 and a current ratio of 0.78. The firm has a market cap of $15.62 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 2.90 and a beta of 0.51. The business’s 50-day simple moving average is $33.89 and its 200-day simple moving average is $30.79. NiSource Inc. has a 52 week low of $24.58 and a 52 week high of $35.48.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.06. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.16 billion. NiSource had a return on equity of 9.15% and a net margin of 14.76%. During the same quarter in the prior year, the firm posted $0.11 EPS. As a group, equities research analysts expect that NiSource Inc. will post 1.72 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be paid a dividend of $0.265 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.06 annualized dividend and a yield of 3.04%. NiSource’s payout ratio is 65.03%.

NiSource Company 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.