Barclays PLC Sells 174,150 Shares of NiSource, Inc $NI

Barclays PLC lessened its holdings in NiSource, Inc (NYSE:NI) by 13.1% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,155,731 shares of the utilities provider’s stock after selling 174,150 shares during the period. Barclays PLC owned about 0.24% of NiSource worth $50,043,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Orion Porfolio Solutions LLC raised its stake in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the period. Norges Bank purchased a new position in shares of NiSource during the 2nd quarter valued at $296,543,000. ANTIPODES PARTNERS Ltd bought a new position in NiSource in the 3rd quarter worth $84,086,000. Soroban Capital Partners LP boosted its holdings in NiSource by 52.0% in the 2nd quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after buying an additional 1,516,296 shares during the period. Finally, Reaves W H & Co. Inc. increased its stake in NiSource by 34.6% in the 3rd quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider’s stock worth $216,918,000 after buying an additional 1,287,745 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on NI. UBS Group boosted 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. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Mizuho boosted their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. BMO Capital Markets set a $50.00 target price on shares of NiSource in a research report on Thursday, February 12th. Finally, Wells Fargo & Company raised their target price on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Stock Up 1.3%

Shares of NYSE NI opened at $47.04 on Tuesday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. NiSource, Inc has a 12-month low of $35.64 and a 12-month high of $47.67. The firm’s 50-day moving average price is $44.45 and its 200-day moving average price is $43.10. The stock has a market capitalization of $22.51 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 3.81 and a beta of 0.64.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter last year, the business posted $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 disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. This is a positive change from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 3rd. NiSource’s dividend payout ratio (DPR) is presently 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.