AE Wealth Management LLC Has $7.71 Million Stock Holdings in NiSource, Inc $NI

AE Wealth Management LLC cut its holdings in NiSource, Inc (NYSE:NI) by 63.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,016 shares of the utilities provider’s stock after selling 328,186 shares during the period. AE Wealth Management LLC’s holdings in NiSource were worth $7,706,000 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. Crewe Advisors LLC grew its stake in NiSource by 90.7% in the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 667 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of NiSource in the second quarter valued at about $32,000. Larson Financial Group LLC increased its stake in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 266 shares during the period. Finally, GHP Investment Advisors Inc. lifted its position in shares of NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 525 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Up 1.8%

NI opened at $43.53 on Monday. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.13 and a beta of 0.62. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. The firm’s 50-day simple moving average is $42.34 and its 200-day simple moving average is $41.06. NiSource, Inc has a twelve month low of $35.09 and a twelve month high of $44.88.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter last year, the firm earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be given a dividend of $0.28 per share. The ex-dividend date is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio is 59.26%.

Analyst Upgrades and Downgrades

Several research analysts have commented on NI shares. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $50.00 in a report on Friday, October 31st. Evercore ISI 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, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.78.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.