NiSource, Inc $NI Shares Sold by Jennison Associates LLC

Jennison Associates LLC decreased its holdings in NiSource, Inc (NYSE:NI) by 18.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,527,596 shares of the utilities provider’s stock after selling 2,207,194 shares during the quarter. Jennison Associates LLC owned about 2.02% of NiSource worth $412,545,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of NiSource by 1.0% during the second quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after acquiring an additional 578,061 shares during the last quarter. State Street Corp grew its position in NiSource by 4.1% during the 2nd quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock worth $997,447,000 after purchasing an additional 965,718 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of NiSource by 1.0% in the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock worth $491,850,000 after buying an additional 124,868 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of NiSource by 1.4% during the second quarter. Invesco Ltd. now owns 8,017,350 shares of the utilities provider’s stock worth $323,420,000 after buying an additional 107,341 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NiSource

In related news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the sale, the executive vice president directly owned 41,247 shares in the company, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by insiders.

NiSource Stock Performance

NI opened at $43.39 on Friday. NiSource, Inc has a 1-year low of $35.64 and a 1-year high of $44.88. The stock has a market cap of $20.70 billion, a P/E ratio of 22.96, a P/E/G ratio of 3.58 and a beta of 0.65. The stock’s 50 day simple moving average is $42.36 and its 200 day simple moving average is $42.22. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.39.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the previous year, the business posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. As a group, equities analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 3rd will be given a dividend of $0.30 per share. This is a positive change from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. NiSource’s dividend payout ratio is currently 59.26%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NI shares. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Evercore ISI boosted their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and upped their price target for the company from $46.00 to $50.00 in a research note on Friday, October 31st. Mizuho increased their target price on 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 cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.89.

NiSource 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.