NiSource(NYSE:NI) Declares Dividend of $0.1650.

NiSource (NYSE:NI) had declared a cash dividend of $0.1650 on Aug 9, 2016. The shares will quote ex-dividend on Oct 27, 2016 and the record date has been fixed for Oct 31, 2016. On Aug 9, 2016 share price, the yield comes out to be 2.6602%. The dividend payable date has been fixed on Nov 18, 2016.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on NiSource. In the research note, the firm Raises the price-target to $18.08 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 25, 2016, Jefferies said it Downgrades its rating on NiSource. The shares have been rated ‘Underperform’ by the firm.

NiSource (NI) made into the market gainers list on Wednesdays trading session with the shares advancing 1.64% or 0.4 points. Due to strong positive momentum, the stock ended at $24.72, which is also near the day’s high of $24.75. The stock began the session at $24.23 and the volume stood at 35,03,522 shares. The 52-week high of the shares is $26.94 and the 52 week low is $16.035. The company has a current market capitalization of $7,964 M and it has 32,21,85,340 shares in outstanding.

NiSource(NI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $897.60M. Analysts had an estimated revenue of $967.23M. Earnings per share were $0.08. Analysts had estimated an EPS of $0.07.

Several Insider Transactions has been reported to the SEC. On Mar 8, 2016, Carl W Levander (EVP & Chief Regulatory Officer) sold 6,000 shares at $22.39 per share price.Also, On Mar 3, 2016, Robert Dale Campbell (EVP, Corporate Affairs & HR) sold 30,000 shares at $21.55 per share price.On Jun 15, 2015, Deborah S Parker (director) sold 3,429 shares at $46.17 per share price, according to the Form-4 filing with the securities and exchange commission.

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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