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

Tyler Stone Wealth Management lessened its stake in NiSource Inc. (NYSE:NI) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund 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 large investors also recently modified their holdings of the company. Commerce Bank lifted its stake in NiSource by 10.0% in the third quarter. Commerce Bank now owns 11,012 shares of the utilities provider’s stock valued at $382,000 after buying an additional 1,000 shares during the period. Citigroup Inc. lifted its stake in NiSource by 17.8% during the 3rd quarter. Citigroup Inc. now owns 421,036 shares of the utilities provider’s stock valued at $14,589,000 after acquiring an additional 63,563 shares in the last quarter. Cerity Partners LLC grew its position in NiSource by 20.7% in the 3rd quarter. Cerity Partners LLC now owns 119,180 shares of the utilities provider’s stock worth $4,130,000 after purchasing an additional 20,444 shares in the last quarter. Kingsview Wealth Management LLC purchased a new position in NiSource in the third quarter valued at about $325,000. Finally, Daiwa Securities Group Inc. grew its holdings in NiSource by 4.9% during the third quarter. Daiwa Securities Group Inc. now owns 88,441 shares of the utilities provider’s stock valued at $3,064,000 after purchasing an additional 4,092 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NiSource

In related news, CAO Gunnar Gode sold 5,500 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $39.92, for a total value of $219,560.00. Following the sale, the chief accounting officer now directly owns 24,758 shares of the company’s stock, valued at $988,339.36. This trade represents a 18.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

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

NiSource Trading Down 0.5 %

Shares of NI opened at $39.63 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.51 and a quick ratio of 0.41. The company has a market capitalization of $18.62 billion, a P/E ratio of 24.46, a P/E/G ratio of 2.56 and a beta of 0.50. The firm’s 50 day simple moving average is $38.80 and its 200 day simple moving average is $36.76. NiSource Inc. has a 1-year low of $26.26 and a 1-year high of $41.45.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 12th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate 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 previous year, the business posted $0.53 earnings per share. Sell-side analysts forecast that NiSource Inc. will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

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.