Duff & Phelps Investment Management Co. Sells 196,342 Shares of NiSource, Inc $NI

Duff & Phelps Investment Management Co. cut its stake in NiSource, Inc (NYSE:NI) by 5.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,122,073 shares of the utilities provider’s stock after selling 196,342 shares during the period. NiSource comprises approximately 1.5% of Duff & Phelps Investment Management Co.’s portfolio, making the stock its 18th largest position. Duff & Phelps Investment Management Co. owned about 0.65% of NiSource worth $135,186,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Country Trust Bank bought a new stake in NiSource during the second quarter worth about $28,000. REAP Financial Group LLC bought a new position in shares of NiSource during the 3rd quarter valued at about $32,000. Quent Capital LLC bought a new position in shares of NiSource during the 3rd quarter valued at about $36,000. Traub Capital Management LLC purchased a new position in shares of NiSource during the 2nd quarter valued at about $39,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of NiSource during the 2nd quarter valued at about $44,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NI. UBS Group upped their target price on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Mizuho lifted their price target on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Wells Fargo & Company upped their price objective on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays set a $45.00 target price on shares of NiSource in a report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $47.20.

NiSource Price Performance

NI opened at $46.24 on Thursday. The stock’s 50 day simple moving average is $44.63 and its 200 day simple moving average is $43.14. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.67. The firm has a market cap of $22.12 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.82 and a beta of 0.64.

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

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were issued a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. This is an increase from NiSource’s previous quarterly dividend of $0.28. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

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.