Board of the Pension Protection Fund Reduces Position in NiSource, Inc $NI

Board of the Pension Protection Fund reduced its holdings in shares of NiSource, Inc (NYSE:NI) by 94.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the utilities provider’s stock after selling 33,100 shares during the quarter. Board of the Pension Protection Fund’s holdings in NiSource were worth $79,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Orion Porfolio Solutions LLC boosted its holdings in NiSource by 55,625.2% in 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 during the period. Norges Bank bought a new position in shares of NiSource in the second quarter worth $296,543,000. Millennium Management LLC increased its holdings in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the period. ANTIPODES PARTNERS Ltd purchased a new stake in shares of NiSource in the third quarter worth $84,086,000. Finally, Soroban Capital Partners LP raised its position in shares of NiSource by 52.0% in the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock worth $178,877,000 after buying an additional 1,516,296 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NI. Mizuho lifted their price target on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Barclays set a $45.00 price objective on shares of NiSource in a research report on Monday, December 8th. BMO Capital Markets set a $50.00 target price on shares of NiSource in a research report on Thursday, February 12th. UBS Group boosted their price target on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

NiSource Trading Up 0.1%

Shares of NI opened at $46.66 on Friday. The stock has a market capitalization of $22.33 billion, a P/E ratio of 23.93, a PEG ratio of 3.82 and a beta of 0.64. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.96. 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 fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $43.33.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the previous year, the firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource’s payout ratio is presently 61.54%.

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.