Natixis Advisors LLC Sells 127,895 Shares of NiSource, Inc $NI

Natixis Advisors LLC reduced its position in shares of NiSource, Inc (NYSE:NI) by 28.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,095 shares of the utilities provider’s stock after selling 127,895 shares during the period. Natixis Advisors LLC owned approximately 0.07% of NiSource worth $14,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Orion Porfolio Solutions LLC grew its stake in shares of NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the last quarter. Norges Bank bought a new position in NiSource during the 2nd quarter worth approximately $296,543,000. ANTIPODES PARTNERS Ltd bought a new stake in NiSource during the third quarter valued at $84,086,000. Soroban Capital Partners LP grew its stake in NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after purchasing an additional 1,516,296 shares during the period. Finally, Reaves W H & Co. Inc. grew its position in shares of NiSource by 34.6% during the 3rd quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider’s stock worth $216,918,000 after buying an additional 1,287,745 shares during the period. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NI stock opened at $46.62 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. The business’s 50 day moving average price is $44.73 and its 200-day moving average price is $43.17. The firm has a market cap of $22.31 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.79 and a beta of 0.64. NiSource, Inc has a fifty-two week low of $35.64 and a fifty-two week high of $47.67.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. NiSource had a return on equity of 8.07% and a net margin of 13.99%.The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, February 3rd. This is an increase from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio is currently 61.54%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Citigroup upped their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. BMO Capital Markets set a $50.00 price objective on NiSource in a report on Thursday, February 12th. Finally, UBS Group boosted their target price on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Company Profile

NiSource, Inc (NYSE: NI) is a publicly traded energy holding company headquartered in Merrillville, Indiana, that primarily owns and operates regulated local gas and electric utilities in the United States. Through its operating subsidiaries, the company delivers natural gas and electricity to residential, commercial and industrial customers and provides the associated distribution and transmission services that keep local energy systems functioning.

The company’s core activities include natural gas distribution, electric transmission and distribution, system operations, maintenance and emergency response.