Vanguard Group Inc Now Owns 39,886,268 Shares In NiSource Inc. (NI)

NiSource Inc. (NYSE:NI) is at least 14.48% than its current record low price of $22.44. There was a 1.5% gain on 11/16/2018 that led the price to move at $25.69. At recent session, the prices were hovering between $25.23 and $25.86. This company shares are 4.79% off its target price of $26.92 and the current market capitalization stands at $9.33B. The recent change has given its price a 0.4% lead over SMA 50 and -8.61% deficit over its 52-week high. The stock witnessed 1.78% gains, -6.34% declines and 5.29% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NI’s volatility during a week at 1.96% and during a month it has been found around 2.08%.

NiSource Inc. (NI) Top Holders

Institutional investors currently hold around $8.76 billion or 94.8% in NI stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $1.59 billion in NiSource Inc., which represents roughly 17.09% of the company’s market cap and approximately 18.21% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 39,886,268 shares of the stock are valued at $1.02 billion. The third largest holder is Blackrock Inc., which currently holds $805.26 million worth of this stock and that ownership represents nearly 8.63% of its market capitalization.

NiSource Inc. 13F Filings

At the end of September reporting period, 237 institutional holders increased their position in NiSource Inc. (NYSE:NI) by some 33,282,807 shares, 186 decreased positions by 24,218,716 and 103 held positions by 283,373,399. That puts total institutional holdings at 340,874,922 shares, according to SEC filings. The stock grabbed 61 new institutional investments totaling 3,502,902 shares while 55 institutional investors sold out their entire positions totaling 2,646,098 shares.

NiSource Inc. (NYSE:NI) Insider Trades

Multiple company employees have indulged in significant insider trading. NiSource Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP & CFO Brown Donald Eugene has sold 2,400 shares of NiSource Inc. (NI) in trading session dated Nov. 08, 2018. These shares are worth $62,832 and were traded at $26.18 each. The SEC filing shows that Hightman Carrie J performed a sale of 27,000 shares. The EVP & Chief Legal Officer disposed these shares by way of transaction on Aug. 10, 2018. The company’s shares were given away at $26.75 per share worth to an income of some $722,250 on account of Hightman Carrie J.

EVP & CFO, Brown Donald Eugene, sold 2,400 common shares of NiSource Inc. (NI) in the open market. In a transaction dated Aug. 08, 2018, the shares were put up for sale at an average price of $26.5, raking in a sum of $63,600. After this sale, 51,210 common shares of NI are directly owned by the insider, with total stake valued at $1,315,585.

In the transaction dated May. 25, 2018, the great number of shares acquired came courtesy the EVP, Gas Business Seg & CCO; Vegas Pablo added a total of 14,500 shares at an average price of $25.02, amounting to approximately $362,790. The insider now directly owns 67,815 shares worth $1,742,167.

NiSource Inc. (NI) Analyst Guide

Several analysts have released their opinion on NiSource Inc. (NYSE:NI), with 3 analysts believing it is a strong buy. Whereas 8 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.36 average brokerage recommendation.