Swiss Life Asset Management Ltd Acquires 18,752 Shares of NiSource, Inc $NI

Swiss Life Asset Management Ltd increased its holdings in shares of NiSource, Inc (NYSE:NI) by 36.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 70,815 shares of the utilities provider’s stock after acquiring an additional 18,752 shares during the period. Swiss Life Asset Management Ltd’s holdings in NiSource were worth $3,066,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Country Trust Bank purchased a new stake in NiSource in the second quarter worth $28,000. REAP Financial Group LLC purchased a new stake in shares of NiSource during the third quarter valued at $32,000. Quent Capital LLC purchased a new stake in shares of NiSource during the third quarter valued at $36,000. CYBER HORNET ETFs LLC bought a new position in shares of NiSource in the second quarter worth about $44,000. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of NiSource in the third quarter worth about $48,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 3.6%

NYSE:NI opened at $45.03 on Monday. 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 1-year low of $35.64 and a 1-year high of $47.96. The company has a 50-day moving average of $45.32 and a 200 day moving average of $43.37. The firm has a market cap of $21.55 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of 3.69 and a beta of 0.64.

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

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NI. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Citigroup raised their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a research note on Thursday, February 12th. Finally, UBS Group boosted their price target on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.