Aberdeen Group plc Purchases 84,252 Shares of NiSource, Inc $NI

Aberdeen Group plc lifted its position in shares of NiSource, Inc (NYSE:NI) by 21.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 471,016 shares of the utilities provider’s stock after purchasing an additional 84,252 shares during the period. Aberdeen Group plc owned 0.10% of NiSource worth $19,670,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of NiSource during the third quarter valued at about $32,000. Quent Capital LLC purchased a new position in shares of NiSource in the 3rd quarter worth about $36,000. CYBER HORNET ETFs LLC bought a new position in NiSource during the second quarter valued at about $44,000. Heartwood Wealth Advisors LLC bought a new position in NiSource during the third quarter valued at about $48,000. Finally, Sentry Investment Management LLC bought a new position in NiSource during the third quarter valued at about $52,000. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Barclays set a $45.00 price objective on shares of NiSource in a report on Monday, December 8th. UBS Group raised their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. KeyCorp assumed coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Price Performance

NI opened at $47.14 on Tuesday. The company has a market capitalization of $22.59 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 3.89 and a beta of 0.61. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $45.98 and a 200-day moving average price of $43.84. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.96.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share 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 the consensus estimate 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 company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The company 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 annualized dividend and a yield of 2.5%. NiSource’s payout ratio is currently 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.