NiSource, Inc $NI Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in NiSource, Inc (NYSE:NI) by 319.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,766 shares of the utilities provider’s stock after purchasing an additional 15,052 shares during the period. Apollon Wealth Management LLC’s holdings in NiSource were worth $825,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. REAP Financial Group LLC acquired a new stake in shares of NiSource during the third quarter valued at $32,000. Quent Capital LLC acquired a new stake in shares of NiSource during the third quarter valued at $36,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of NiSource during the third quarter valued at $48,000. Sentry Investment Management LLC acquired a new stake in shares of NiSource during the third quarter valued at $52,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of NiSource during the second quarter valued at $56,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BMO Capital Markets set a $50.00 price objective on NiSource in a research note on Thursday, February 12th. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. UBS Group increased 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. Finally, Citigroup increased their price objective on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Stock Performance

NiSource stock opened at $47.36 on Thursday. The stock’s 50-day moving average is $46.46 and its 200-day moving average is $44.12. The company has a market cap of $22.70 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 3.87 and a beta of 0.61. 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 12 month low of $37.22 and a 12 month high of $48.76.

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

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is 61.54%.

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.