Intech Investment Management LLC Cuts Position in NiSource, Inc $NI

Intech Investment Management LLC trimmed its position in shares of NiSource, Inc (NYSE:NI) by 56.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,200 shares of the utilities provider’s stock after selling 109,371 shares during the period. Intech Investment Management LLC’s holdings in NiSource were worth $3,689,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. raised its holdings in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Country Trust Bank acquired a new position in NiSource in the 2nd quarter valued at about $28,000. REAP Financial Group LLC purchased a new stake in NiSource during the third quarter worth about $32,000. Quent Capital LLC acquired a new stake in shares of NiSource during the third quarter worth about $36,000. Finally, Traub Capital Management LLC purchased a new position in shares of NiSource in the second quarter valued at approximately $39,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Performance

NYSE:NI opened at $47.22 on Monday. The firm has a market capitalization of $22.60 billion, a PE ratio of 24.22, a price-to-earnings-growth ratio of 3.88 and a beta of 0.64. The business’s fifty day moving average price is $43.82 and its 200 day moving average price is $42.89. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. NiSource, Inc has a 12 month low of $35.64 and a 12 month high of $47.35.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.90 billion during 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 period in the previous year, the business earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 3rd. This is a positive change from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.5%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NI shares. Mizuho lifted their price objective on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Wells Fargo & Company lifted their target price on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Barclays set a $45.00 target price on NiSource in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $47.20.

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.