NiSource, Inc $NI Shares Bought by Tredje AP fonden

Tredje AP fonden raised its position in NiSource, Inc (NYSE:NI) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 343,565 shares of the utilities provider’s stock after buying an additional 20,522 shares during the period. Tredje AP fonden owned about 0.07% of NiSource worth $14,347,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd acquired a new stake in NiSource in the 3rd quarter worth about $84,086,000. Magellan Asset Management Ltd boosted its holdings in NiSource by 7.5% in the 3rd quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock worth $15,985,000 after buying an additional 25,721 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in NiSource in the 3rd quarter worth about $1,154,000. Capital International Investors boosted its holdings in NiSource by 15.1% in the 3rd quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in NiSource in the 3rd quarter worth about $1,113,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NI has been the topic of several research analyst reports. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Citigroup lifted their price objective on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Barclays raised their target price on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Wells Fargo & Company raised their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.33.

NiSource Trading Up 1.9%

NI opened at $47.43 on Wednesday. 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 company’s 50 day simple moving average is $47.13 and its two-hundred day simple moving average is $44.76. NiSource, Inc has a 1-year low of $38.13 and a 1-year high of $48.98. The firm has a market capitalization of $22.74 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 3.72 and a beta of 0.57.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. 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. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

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.