SVB Wealth LLC Has $934,000 Holdings in NiSource, Inc $NI

SVB Wealth LLC trimmed its position in NiSource, Inc (NYSE:NI) by 65.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,370 shares of the utilities provider’s stock after selling 43,049 shares during the quarter. SVB Wealth LLC’s holdings in NiSource were worth $934,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Swiss Life Asset Management Ltd raised its stake in shares of NiSource by 15.3% in the fourth quarter. Swiss Life Asset Management Ltd now owns 81,659 shares of the utilities provider’s stock valued at $3,410,000 after purchasing an additional 10,844 shares in the last quarter. Dogwood Wealth Management LLC acquired a new position in NiSource during the fourth quarter worth $253,000. NewEdge Wealth LLC raised its stake in NiSource by 34.5% during the fourth quarter. NewEdge Wealth LLC now owns 10,385 shares of the utilities provider’s stock worth $434,000 after acquiring an additional 2,662 shares in the last quarter. Legacy Wealth Managment LLC ID raised its stake in NiSource by 30.3% during the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,626 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 378 shares in the last quarter. Finally, Ethic Inc. raised its stake in NiSource by 34.6% during the fourth quarter. Ethic Inc. now owns 13,317 shares of the utilities provider’s stock worth $556,000 after acquiring an additional 3,422 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Price Performance

Shares of NI stock opened at $47.01 on Tuesday. The stock’s fifty day moving average is $47.14 and its 200-day moving average is $44.62. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a market capitalization of $22.54 billion, a PE ratio of 23.39, a PEG ratio of 3.73 and a beta of 0.57. NiSource, Inc has a 52 week low of $37.22 and a 52 week high of $48.98.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter in the prior year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio is presently 59.70%.

Wall Street Analyst Weigh In

NI has been the subject of several recent analyst reports. Evercore set a $52.00 price objective on NiSource in a research note on Monday. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Citigroup increased their price objective on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Finally, Barclays increased their price objective on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

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.