Northwestern Mutual Wealth Management Co. Acquires 621,091 Shares of NiSource, Inc $NI

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 2,710.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 644,006 shares of the utilities provider’s stock after acquiring an additional 621,091 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.13% of NiSource worth $26,894,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NI. REAP Financial Group LLC bought a new position in shares of NiSource during the 3rd quarter worth about $32,000. Laurel Wealth Advisors LLC bought a new position in NiSource during the 4th quarter valued at about $46,000. Sentry Investment Management LLC bought a new position in NiSource during the 3rd quarter valued at about $52,000. MUFG Securities EMEA plc bought a new position in NiSource during the 2nd quarter valued at about $56,000. Finally, Larson Financial Group LLC lifted its holdings in NiSource by 21.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,518 shares of the utilities provider’s stock valued at $66,000 after purchasing an additional 264 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Stock Up 1.9%

Shares of NYSE:NI opened at $47.43 on Wednesday. NiSource, Inc has a one year low of $38.13 and a one year high of $48.98. The company has a 50 day moving average of $47.13 and a 200-day moving average of $44.76. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a market cap of $22.74 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 3.72 and a beta of 0.57.

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

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource’s payout ratio is currently 59.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wells Fargo & Company lifted their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. KeyCorp assumed coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Finally, Citigroup lifted their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

About NiSource

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.