Sapient Capital LLC Has $346,000 Stock Holdings in NiSource, Inc $NI

Sapient Capital LLC cut its position in NiSource, Inc (NYSE:NI) by 72.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,227 shares of the utilities provider’s stock after selling 21,980 shares during the period. Sapient Capital LLC’s holdings in NiSource were worth $346,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. North Dakota State Investment Board acquired a new stake in shares of NiSource in the 4th quarter valued at about $674,000. Elyxium Wealth LLC acquired a new position in NiSource during the 4th quarter valued at about $33,000. Canada Post Corp Registered Pension Plan boosted its stake in NiSource by 29.5% during the 4th quarter. Canada Post Corp Registered Pension Plan now owns 10,976 shares of the utilities provider’s stock valued at $458,000 after purchasing an additional 2,500 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in NiSource by 7.3% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 2,083,217 shares of the utilities provider’s stock valued at $87,002,000 after purchasing an additional 141,425 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after purchasing an additional 240 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Trading Up 1.9%

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

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

NiSource Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have issued reports on NI. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. KeyCorp started coverage on shares of NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target on the stock. Barclays lifted their price target on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Finally, Wells Fargo & Company lifted their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.33.

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.