Resonant Capital Advisors LLC Buys 432 Shares of NiSource Inc. (NYSE:NI)

Resonant Capital Advisors LLC boosted its stake in NiSource Inc. (NYSE:NI) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,171 shares of the utilities provider’s stock after purchasing an additional 432 shares during the period. Resonant Capital Advisors LLC’s holdings in NiSource were worth $264,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in NI. Brooklyn Investment Group grew its position in NiSource by 153.2% in the 4th quarter. Brooklyn Investment Group now owns 871 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 527 shares during the period. Capital Performance Advisors LLP bought a new stake in NiSource in the 3rd quarter worth approximately $33,000. Spire Wealth Management bought a new stake in shares of NiSource during the 4th quarter valued at $39,000. Legacy Investment Solutions LLC bought a new stake in shares of NiSource during the 3rd quarter valued at $47,000. Finally, Friedenthal Financial bought a new stake in shares of NiSource during the 3rd quarter valued at $50,000. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Mizuho boosted their price objective on shares of NiSource from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Barclays boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on shares of NiSource in a research report on Monday, October 28th. They set a “buy” rating and a $39.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and a consensus price target of $37.50.

NiSource Price Performance

Shares of NI stock opened at $37.58 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.35. The company has a market capitalization of $17.54 billion, a P/E ratio of 22.77, a P/E/G ratio of 2.45 and a beta of 0.54. The company’s 50-day simple moving average is $36.94 and its two-hundred day simple moving average is $34.89. NiSource Inc. has a one year low of $24.80 and a one year high of $38.83.

NiSource Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, February 3rd will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, February 3rd. This is an increase from NiSource’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.98%. NiSource’s dividend payout ratio (DPR) is currently 64.24%.

About NiSource

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.