Thrivent Financial for Lutherans Trims Stock Holdings in NiSource, Inc $NI

Thrivent Financial for Lutherans lowered its holdings in NiSource, Inc (NYSE:NI) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,085,746 shares of the utilities provider’s stock after selling 263,732 shares during the period. Thrivent Financial for Lutherans’ holdings in NiSource were worth $87,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NI. REAP Financial Group LLC purchased a new position in NiSource in the third quarter valued at about $32,000. Quent Capital LLC purchased a new position in NiSource in the third quarter valued at about $36,000. Laurel Wealth Advisors LLC purchased a new position in NiSource in the fourth quarter valued at about $46,000. Sentry Investment Management LLC purchased a new position in NiSource in the third quarter valued at about $52,000. Finally, MUFG Securities EMEA plc purchased a new position in NiSource in the second quarter valued at about $56,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday. Citigroup lifted their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Evercore set a $52.00 target price on NiSource in a research report on Monday. Barclays lifted their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Finally, Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Price Performance

Shares of NI opened at $46.32 on Friday. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 3.79 and a beta of 0.57. The stock has a 50 day moving average of $47.12 and a 200-day moving average of $44.70. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 52 week low of $38.13 and a 52 week high of $48.98.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 59.70%.

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.