Citigroup Inc. Sells 19,527 Shares of NiSource, Inc $NI

Citigroup Inc. lessened its position in NiSource, Inc (NYSE:NI) by 4.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 456,380 shares of the utilities provider’s stock after selling 19,527 shares during the period. Citigroup Inc. owned 0.10% of NiSource worth $19,761,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NI. Hantz Financial Services Inc. grew its stake in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the last quarter. Country Trust Bank bought a new position in NiSource in the 2nd quarter worth $28,000. REAP Financial Group LLC purchased a new stake in shares of NiSource in the 3rd quarter worth about $32,000. Quent Capital LLC bought a new stake in shares of NiSource during the 3rd quarter valued at about $36,000. Finally, GHP Investment Advisors Inc. increased its position in shares of NiSource by 116.7% during the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after buying an additional 525 shares during the period. 91.64% of the stock is owned by institutional investors.

NiSource Price Performance

Shares of NI opened at $46.69 on Friday. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.05. The company has a market capitalization of $22.34 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 3.81 and a beta of 0.65. The firm has a 50 day moving average of $43.70 and a 200 day moving average of $42.85. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

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

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were given a $0.30 dividend. This is a boost from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s payout ratio is presently 61.54%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on NI shares. Citigroup lifted their price objective on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $50.00 in a research report on Friday, October 31st. UBS Group lifted their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Mizuho boosted their price objective on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

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.