27,009 Shares in NiSource Inc. (NYSE:NI) Purchased by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD acquired a new stake in shares of NiSource Inc. (NYSE:NI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 27,009 shares of the utilities provider’s stock, valued at approximately $993,000.

Several other large investors have also bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of NiSource by 153.2% during the fourth quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 527 shares in the last quarter. Spire Wealth Management bought a new position in NiSource in the 4th quarter valued at approximately $39,000. Catalyst Capital Advisors LLC purchased a new stake in NiSource during the 4th quarter valued at $40,000. Legacy Investment Solutions LLC bought a new stake in shares of NiSource in the 3rd quarter worth $47,000. Finally, Intact Investment Management Inc. purchased a new position in shares of NiSource in the fourth quarter worth $66,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Gunnar Gode sold 5,500 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $39.92, for a total value of $219,560.00. Following the completion of the transaction, the chief accounting officer now owns 24,758 shares of the company’s stock, valued at approximately $988,339.36. This represents a 18.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. UBS Group increased their price objective on NiSource from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, March 21st. Wells Fargo & Company lifted their price target on shares of NiSource from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Mizuho increased their price objective on shares of NiSource from $42.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, March 26th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $39.33.

NiSource Stock Performance

NI opened at $37.23 on Monday. NiSource Inc. has a 12-month low of $26.26 and a 12-month high of $41.45. The company has a market cap of $17.49 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.56 and a beta of 0.48. The company has a current ratio of 0.51, a quick ratio of 0.41 and a debt-to-equity ratio of 1.13. The company’s 50 day moving average is $39.09 and its 200 day moving average is $37.09.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, February 12th. The utilities provider reported $0.49 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 earned $0.53 earnings per share. On average, equities research analysts predict that NiSource Inc. will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.01%. NiSource’s dividend payout ratio (DPR) is presently 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.