NiSource, Inc $NI Shares Acquired by Tredje AP fonden

Tredje AP fonden grew its stake in NiSource, Inc (NYSE:NI) by 197.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 104,545 shares of the utilities provider’s stock after buying an additional 69,381 shares during the quarter. Tredje AP fonden’s holdings in NiSource were worth $4,217,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in NiSource by 5.3% in the first quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after acquiring an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of NiSource by 12.4% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock valued at $962,997,000 after purchasing an additional 2,650,827 shares during the period. Jennison Associates LLC lifted its stake in shares of NiSource by 1.4% in the 2nd quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock valued at $473,381,000 after purchasing an additional 156,958 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of NiSource by 88.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after purchasing an additional 2,605,923 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of NiSource by 4.7% in the 1st quarter. Northern Trust Corp now owns 4,638,973 shares of the utilities provider’s stock valued at $185,976,000 after purchasing an additional 206,448 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on NI shares. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research report on Saturday. BMO Capital Markets upped their price target on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. Barclays upped their price target on NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Finally, Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and upped their target price for the stock from $46.00 to $50.00 in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Stock Up 0.1%

NI opened at $42.18 on Monday. NiSource, Inc has a twelve month low of $34.23 and a twelve month high of $44.88. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The company has a 50-day moving average price of $42.29 and a 200 day moving average price of $40.92. The company has a market cap of $20.13 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $983.25 million. During the same period in the previous year, the company earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Sell-side analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, October 31st. NiSource’s dividend payout ratio is currently 59.26%.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.