Cohen & Steers Inc. Has $192.28 Million Stake in NiSource, Inc $NI

Cohen & Steers Inc. decreased its stake in shares of NiSource, Inc (NYSE:NI) by 15.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,604,468 shares of the utilities provider’s stock after selling 834,306 shares during the period. Cohen & Steers Inc.’s holdings in NiSource were worth $192,283,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT increased its holdings in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the last quarter. Godfrey Financial Associates Inc. acquired a new position in shares of NiSource during the 4th quarter valued at about $30,000. Elyxium Wealth LLC acquired a new position in shares of NiSource during the 4th quarter valued at about $33,000. Laurel Wealth Advisors LLC acquired a new position in shares of NiSource during the 4th quarter valued at about $46,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of NiSource during the 2nd quarter valued at about $56,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NI stock opened at $47.17 on Friday. The stock has a 50 day moving average of $47.24 and a two-hundred day moving average of $45.22. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The company has a market capitalization of $22.61 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.72 and a beta of 0.54.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts expect that NiSource, Inc will post 2.05 EPS 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 dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

Analyst Ratings Changes

A number of brokerages have recently commented on NI. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

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.