NiSource, Inc $NI Stock Holdings Lifted by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd raised its position in NiSource, Inc (NYSE:NI) by 15.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,659 shares of the utilities provider’s stock after purchasing an additional 10,844 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in NiSource were worth $3,410,000 at the end of the most recent quarter.

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.

NiSource Stock Performance

NI opened at $47.37 on Friday. The company has a market cap of $22.71 billion, a PE ratio of 23.57, a price-to-earnings-growth ratio of 3.76 and a beta of 0.57. The stock has a 50-day moving average of $47.15 and a 200-day moving average of $44.69. NiSource, Inc has a 52-week low of $38.09 and a 52-week high of $48.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65.

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

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is currently 59.70%.

Analyst Upgrades and Downgrades

NI has been the topic of a number of recent research reports. Evercore set a $52.00 target price on NiSource in a research note on Monday. Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Barclays upped their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. KeyCorp began coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

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.