Rothschild Investment Corp IL Sells 2,844 Shares of NiSource Inc. (NI)

Rothschild Investment Corp IL cut its stake in shares of NiSource Inc. (NYSE:NI) by 13.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,292 shares of the utilities provider’s stock after selling 2,844 shares during the period. Rothschild Investment Corp IL’s holdings in NiSource were worth $524,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Cedar Wealth Management LLC bought a new stake in shares of NiSource in the 4th quarter worth approximately $25,000. Flagship Harbor Advisors LLC raised its holdings in shares of NiSource by 173.5% in the 4th quarter. Flagship Harbor Advisors LLC now owns 1,031 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 654 shares during the period. Pearl River Capital LLC bought a new stake in shares of NiSource in the 4th quarter worth approximately $35,000. Lindbrook Capital LLC purchased a new position in NiSource in the 4th quarter valued at approximately $38,000. Finally, Cornerstone Advisors Inc. grew its stake in NiSource by 136.2% in the 3rd quarter. Cornerstone Advisors Inc. now owns 1,734 shares of the utilities provider’s stock valued at $43,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 93.80% of the company’s stock.

Shares of NYSE:NI traded up $0.57 during trading on Friday, reaching $28.08. 2,047,168 shares of the stock traded hands, compared to its average volume of 2,877,906. NiSource Inc. has a 52-week low of $23.23 and a 52-week high of $28.85. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.45. The stock has a market cap of $10.26 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 3.58 and a beta of 0.26.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. NiSource had a negative net margin of 2.06% and a positive return on equity of 10.76%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, sell-side analysts anticipate that NiSource Inc. will post 1.3 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Tuesday, July 30th. NiSource’s payout ratio is 61.54%.

NI has been the subject of a number of recent research reports. Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $29.00 in a research note on Monday, April 8th. ValuEngine upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. KeyCorp reissued a “buy” rating and issued a $28.50 price target on shares of NiSource in a research note on Tuesday, February 5th. Zacks Investment Research raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Finally, Bank of America cut shares of NiSource from a “buy” rating to a “neutral” rating and set a $27.37 price target on the stock. in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. NiSource currently has a consensus rating of “Hold” and a consensus price target of $27.87.

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NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Institutional Ownership by Quarter for NiSource (NYSE:NI)

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