South Dakota Investment Council Acquires Shares of 10,400 NiSource, Inc $NI

South Dakota Investment Council acquired a new stake in NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 10,400 shares of the utilities provider’s stock, valued at approximately $420,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in NiSource by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in 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 boosted its holdings in 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. boosted its holdings in 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 boosted its holdings in 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. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their price objective for the company from $46.00 to $50.00 in a report on Friday, October 31st. Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a report on Saturday. BMO Capital Markets upped their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Finally, Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Price Performance

Shares of NYSE:NI opened at $42.83 on Wednesday. The company has a market cap of $20.44 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 3.13 and a beta of 0.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $42.29 and a 200 day simple moving average of $40.97. NiSource, Inc has a one year low of $34.51 and a one year high of $44.88.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. 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. Research analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio is presently 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.