NiSource, Inc $NI Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its holdings in NiSource, Inc (NYSE:NI) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 682,330 shares of the utilities provider’s stock after selling 15,483 shares during the quarter. Exchange Traded Concepts LLC’s holdings in NiSource were worth $28,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in shares of NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after acquiring an additional 11,452 shares during the last quarter. Woodline Partners LP increased its position in NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares during the last quarter. Acadian Asset Management LLC purchased a new position in NiSource during the first quarter worth approximately $105,000. Steward Partners Investment Advisory LLC raised its stake in NiSource by 16.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,260 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 459 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of NiSource by 3,934.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 43,971 shares of the utilities provider’s stock valued at $1,774,000 after purchasing an additional 42,881 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NI shares. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. Wells Fargo & Company upped their price target on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. UBS Group raised their price objective on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Finally, Citigroup boosted their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Price Performance

NI stock opened at $46.00 on Friday. The firm has a market cap of $22.01 billion, a P/E ratio of 23.59, a price-to-earnings-growth ratio of 3.73 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96. The stock has a 50-day simple moving average of $45.57 and a 200-day simple moving average of $43.52.

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

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be paid a $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s payout ratio is 61.54%.

About NiSource

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.