NiSource, Inc $NI Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in NiSource, Inc (NYSE:NI) by 72.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 506,363 shares of the utilities provider’s stock after selling 1,357,775 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of NiSource worth $21,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP increased its holdings in NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after buying an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of NiSource during the 1st quarter valued at approximately $105,000. Charles Schwab Investment Management Inc. lifted its position in shares of NiSource by 1.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after acquiring an additional 55,515 shares during the period. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of NiSource during the 2nd quarter worth approximately $1,274,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. UBS Group raised their price objective on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Citigroup boosted their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Barclays set a $45.00 price target on NiSource in a research report on Monday, December 8th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, BMO Capital Markets set a $50.00 price objective on shares of NiSource in a research report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Trading Down 0.6%

Shares of NiSource stock opened at $45.41 on Friday. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The business has a 50 day moving average price of $45.53 and a 200 day moving average price of $43.48. The company has a market capitalization of $21.73 billion, a P/E ratio of 23.29, a P/E/G ratio of 3.74 and a beta of 0.64.

NiSource (NYSE:NI) last announced 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. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter in the prior year, the firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

NiSource 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.