NiSource, Inc $NI Stock Position Raised by Global Retirement Partners LLC

Global Retirement Partners LLC increased its position in NiSource, Inc (NYSE:NI) by 742.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,315 shares of the utilities provider’s stock after purchasing an additional 19,666 shares during the period. Global Retirement Partners LLC’s holdings in NiSource were worth $932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after purchasing an additional 1,032,630 shares during the period. State Street Corp boosted its position in shares of NiSource by 3.5% in the third quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock worth $1,107,647,000 after buying an additional 854,767 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. JPMorgan Chase & Co. raised its position in NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock valued at $367,852,000 after buying an additional 183,203 shares during the period. Finally, Capital International Investors raised its position in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after buying an additional 1,065,591 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NI has been the subject of a number of research reports. KeyCorp initiated coverage on NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. Finally, Barclays upped their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.33.

NiSource Stock Performance

Shares of NYSE NI opened at $47.90 on Tuesday. The business’s 50-day moving average price is $47.21 and its two-hundred day moving average price is $44.91. 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 one year low of $38.36 and a one year high of $48.98. The company has a market capitalization of $22.96 billion, a P/E ratio of 23.83, a price-to-earnings-growth ratio of 3.82 and a beta of 0.57.

NiSource (NYSE:NI) last posted its quarterly 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. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period last year, the business earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the sale, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.37% of the company’s stock.

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.