Asset Management One Co. Ltd. Sells 18,921 Shares of NiSource, Inc $NI

Asset Management One Co. Ltd. cut its stake in NiSource, Inc (NYSE:NI) by 5.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,445 shares of the utilities provider’s stock after selling 18,921 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.07% of NiSource worth $13,813,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NI. Orion Porfolio Solutions LLC increased its position in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after acquiring an additional 16,836,630 shares during the period. Millennium Management LLC grew its stake in NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after buying an additional 3,033,764 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in NiSource during the third quarter worth about $84,086,000. Soroban Capital Partners LP grew its stake in NiSource by 52.0% during the second 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 in the last quarter. Finally, Reaves W H & Co. Inc. grew its stake in NiSource by 34.6% during the third 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NI. Barclays raised their price target on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Wells Fargo & Company raised their price target 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. Citigroup raised their price target on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $51.00 price target on shares of NiSource in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NiSource presently has an average rating of “Moderate Buy” and a consensus target price of $48.09.

NiSource Stock Down 1.1%

NiSource stock opened at $47.76 on Tuesday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. NiSource, Inc has a 52-week low of $37.22 and a 52-week high of $48.83. The firm has a 50 day moving average price of $46.69 and a two-hundred day moving average price of $44.23. The firm has a market cap of $22.89 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 3.95 and a beta of 0.61.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter last year, the business earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts predict that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource’s payout ratio is 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.