NiSource, Inc $NI Position Trimmed by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in shares of NiSource, Inc (NYSE:NI) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,332 shares of the utilities provider’s stock after selling 21,088 shares during the quarter. Shell Asset Management Co.’s holdings in NiSource were worth $1,703,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NI. Vanguard Group Inc. boosted its position in NiSource by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock valued at $2,477,766,000 after purchasing an additional 578,061 shares during the period. State Street Corp grew its stake in shares of NiSource by 4.1% in the second quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock worth $997,447,000 after purchasing an additional 965,718 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in NiSource by 55,625.2% during the 2nd 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 during the period. Geode Capital Management LLC increased its stake in shares of NiSource by 1.0% during the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock valued at $491,850,000 after acquiring an additional 124,868 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of NiSource by 1.4% in the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after buying an additional 156,958 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the topic of a number of recent research reports. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Citigroup upped their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday. UBS Group upped their price target on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Evercore lifted their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Finally, Mizuho raised their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Stock Up 2.6%

NiSource stock opened at $46.34 on Monday. The company has a 50 day moving average of $42.83 and a 200-day moving average of $42.62. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $46.40. The stock has a market capitalization of $22.18 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.81 and a beta of 0.65. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last released its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter in the previous year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 3rd will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, February 3rd. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. This is a positive change from NiSource’s previous quarterly dividend of $0.28. NiSource’s dividend payout ratio (DPR) is 61.54%.

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.