NiSource, Inc $NI Shares Acquired by Thomasville National Bank

Thomasville National Bank increased its position in shares of NiSource, Inc (NYSE:NI) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 591,847 shares of the utilities provider’s stock after purchasing an additional 13,765 shares during the quarter. NiSource accounts for approximately 1.5% of Thomasville National Bank’s investment portfolio, making the stock its 24th largest holding. Thomasville National Bank owned 0.12% of NiSource worth $24,716,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in NiSource during the 3rd quarter valued at approximately $32,000. Quent Capital LLC acquired a new position in NiSource during the third quarter valued at $36,000. Heartwood Wealth Advisors LLC purchased a new stake in NiSource in the third quarter valued at $48,000. Sentry Investment Management LLC acquired a new stake in NiSource during the 3rd quarter worth about $52,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of NiSource during the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 0.7%

Shares of NI opened at $47.70 on Friday. The firm has a market cap of $22.86 billion, a P/E ratio of 24.46, a PEG ratio of 3.88 and a beta of 0.61. NiSource, Inc has a 12 month low of $37.22 and a 12 month high of $48.76. The stock’s 50 day moving average is $46.54 and its two-hundred day moving average is $44.15. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) 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 firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s payout ratio is currently 61.54%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays set a $49.00 target price on NiSource and gave the stock an “overweight” rating in a research note on Friday. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a research report on Thursday, February 12th. Finally, Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus target price of $48.00.

NiSource 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.