NiSource (NYSE:NI) Upgraded at StockNews.com

StockNews.com upgraded shares of NiSource (NYSE:NIFree Report) from a sell rating to a hold rating in a report published on Thursday morning.

Separately, Barclays initiated coverage on shares of NiSource in a research report on Monday, January 22nd. They set an overweight rating and a $28.00 price objective for the company. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, NiSource currently has an average rating of Moderate Buy and a consensus target price of $28.86.

View Our Latest Report on NiSource

NiSource Trading Up 0.8 %

Shares of NiSource stock opened at $25.25 on Thursday. The company has a market cap of $10.44 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 2.05 and a beta of 0.49. NiSource has a 1 year low of $22.86 and a 1 year high of $28.95. The company’s fifty day simple moving average is $26.22 and its 200-day simple moving average is $26.15. The company has a current ratio of 0.41, a quick ratio of 0.29 and a debt-to-equity ratio of 1.66.

NiSource Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Monday, February 5th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from NiSource’s previous quarterly dividend of $0.25. The ex-dividend date is Friday, February 2nd. NiSource’s dividend payout ratio (DPR) is presently 71.14%.

Insider Activity at NiSource

In other NiSource news, Director Michael E. Jesanis sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $26.24, for a total transaction of $131,200.00. Following the completion of the transaction, the director now owns 48,070 shares in the company, valued at $1,261,356.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NI. Veritable L.P. grew its holdings in shares of NiSource by 5.0% in the 2nd quarter. Veritable L.P. now owns 8,329 shares of the utilities provider’s stock worth $228,000 after purchasing an additional 394 shares during the last quarter. Mastrapasqua Asset Management Inc. increased its holdings in shares of NiSource by 4.6% during the third quarter. Mastrapasqua Asset Management Inc. now owns 9,178 shares of the utilities provider’s stock worth $227,000 after buying an additional 402 shares in the last quarter. Beacon Pointe Advisors LLC raised its stake in shares of NiSource by 3.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 13,176 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 405 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of NiSource by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 8,930 shares of the utilities provider’s stock worth $237,000 after acquiring an additional 414 shares in the last quarter. Finally, Brinker Capital Investments LLC grew its position in NiSource by 2.4% during the 1st quarter. Brinker Capital Investments LLC now owns 18,197 shares of the utilities provider’s stock worth $579,000 after acquiring an additional 426 shares during the last quarter. 94.91% of the stock is currently owned by institutional investors and hedge funds.

About NiSource

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NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 859,000 customers in northern Indiana, as well as approximately 2.4 million residential, commercial, and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.

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