Duff Phelps Investment Management Co buys $47,595,908 stake in NiSource (NI)

NiSource (NI) : Duff Phelps Investment Management Co scooped up 103,090 additional shares in NiSource during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 2,098,585 shares of NiSource which is valued at $47,595,908.NiSource makes up approximately 0.69% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Harwood Advisory Group boosted its stake in NI in the latest quarter, The investment management firm added 12,019 additional shares and now holds a total of 67,525 shares of NiSource which is valued at $1,531,467. NiSource makes up approx 1.21% of Harwood Advisory Group’s portfolio.Creative Planning boosted its stake in NI in the latest quarter, The investment management firm added 6,439 additional shares and now holds a total of 25,153 shares of NiSource which is valued at $562,924.Washington Trust Bank boosted its stake in NI in the latest quarter, The investment management firm added 38 additional shares and now holds a total of 1,938 shares of NiSource which is valued at $44,283. NiSource makes up approx 0.01% of Washington Trust Bank’s portfolio.

NiSource closed down -0.22 points or -0.96% at $22.68 with 31,20,961 shares getting traded on Friday. Post opening the session at $22.8, the shares hit an intraday low of $22.64 and an intraday high of $22.96 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, NiSource reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07.Analysts expectations of $ 1044.40.During the same quarter in the previous year, the company posted $0.18 EPS.

Investors should note that on Aug 9, 2016, NiSource announced a cash dividend of $0.1650. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Nov 18, 2016.

Many Wall Street Analysts have commented on NiSource. NiSource was Upgraded by Jefferies to ” Hold” on Oct 13, 2016. NiSource was Downgraded by Credit Suisse to ” Underperform” on Aug 19, 2016. NiSource was Downgraded by Jefferies to ” Underperform” on Jul 25, 2016.

NiSource Inc. (NiSource) is an energy holding company. The Company through its subsidiaries provides natural gas electricity and other products and services. It is also engaged in the distribution of natural gas. The Company’s business segments include: Gas Distribution Operations which provides natural gas service and transportation services for residential commercial and industrial customers in Ohio Pennsylvania Virginia Kentucky Maryland Indiana and Massachusetts; Columbia Pipeline Group Operations which provides gas transportation and storage services for local distribution companies (LDCs) marketers and industrial and commercial customers located in 16 northeastern mid-Atlantic Midwestern and southern states and the District of Columbia along with unregulated businesses that include midstream services and development of mineral rights positions and Electric Operations which provides electric services in approximately 20 counties in the northern part of Indiana.

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