Strs Ohio Sells 371,574 Shares of NiSource, Inc $NI

Strs Ohio cut its stake in NiSource, Inc (NYSE:NI) by 39.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 574,251 shares of the utilities provider’s stock after selling 371,574 shares during the quarter. Strs Ohio’s holdings in NiSource were worth $24,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NI. Bailard Inc. lifted its stake in shares of NiSource by 30.2% in the 3rd quarter. Bailard Inc. now owns 46,297 shares of the utilities provider’s stock valued at $2,005,000 after purchasing an additional 10,737 shares during the period. Rakuten Investment Management Inc. bought a new position in NiSource in the third quarter worth $2,280,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in NiSource by 7.7% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 213,923 shares of the utilities provider’s stock valued at $9,263,000 after buying an additional 15,282 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of NiSource by 4.0% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,415 shares of the utilities provider’s stock valued at $409,000 after buying an additional 360 shares in the last quarter. Finally, Vaughan David Investments LLC IL grew its position in shares of NiSource by 0.3% in the 3rd quarter. Vaughan David Investments LLC IL now owns 1,315,177 shares of the utilities provider’s stock worth $56,947,000 after buying an additional 4,002 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NYSE:NI opened at $43.39 on Friday. The firm has a market cap of $20.70 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.57 and a beta of 0.65. NiSource, Inc has a 12 month low of $35.64 and a 12 month high of $44.88. The company’s 50-day moving average price is $42.36 and its two-hundred day moving average price is $42.24. The company has a quick ratio of 0.39, a current ratio of 0.52 and a debt-to-equity ratio of 1.29.

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 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 business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $983.25 million. During the same period in the prior year, the business earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS and its FY 2025 guidance at 1.870-1.89 EPS. On average, equities analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.28. NiSource’s dividend payout ratio is 59.26%.

Insider Buying and Selling at NiSource

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

NI has been the topic of several research reports. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. BMO Capital Markets boosted their price target on NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Barclays set a $45.00 price objective on NiSource in a research report on Monday, December 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Finally, Evercore ISI increased their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $46.89.

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.