Comerica Bank Has $5.37 Million Stock Position in NiSource, Inc $NI

Comerica Bank trimmed its position in NiSource, Inc (NYSE:NI) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,478 shares of the utilities provider’s stock after selling 11,981 shares during the quarter. Comerica Bank’s holdings in NiSource were worth $5,365,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NI. Orion Porfolio Solutions LLC lifted its position in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Millennium Management LLC lifted its position 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 in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of NiSource in the third quarter worth approximately $84,086,000. Soroban Capital Partners LP lifted 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 purchasing an additional 1,516,296 shares in the last quarter. Finally, Reaves W H & Co. Inc. lifted its position in shares of NiSource by 34.6% in the third quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider’s stock worth $216,918,000 after purchasing an additional 1,287,745 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NI has been the subject of a number of research analyst reports. KeyCorp initiated coverage on shares of NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Wells Fargo & Company reissued an “overweight” rating and issued a $51.00 price target on shares of NiSource in a research report on Tuesday, April 21st. Barclays increased their price target on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Weiss Ratings lowered shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Finally, Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $48.80.

NiSource Price Performance

Shares of NI opened at $48.14 on Friday. The firm has a market cap of $23.08 billion, a PE ratio of 24.69, a PEG ratio of 3.86 and a beta of 0.57. The firm’s 50 day moving average price is $47.05 and its 200 day moving average price is $44.46. 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 twelve month low of $37.22 and a twelve month high of $48.98.

NiSource (NYSE:NI) last issued 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 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 earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors 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 2.5%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is presently 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.