NiSource, Inc $NI Shares Sold by DNB Asset Management AS

DNB Asset Management AS cut its stake in NiSource, Inc (NYSE:NI) by 39.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 127,747 shares of the utilities provider’s stock after selling 83,612 shares during the quarter. DNB Asset Management AS’s holdings in NiSource were worth $5,335,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Tower Bridge Advisors lifted its holdings in NiSource by 1.1% in the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after acquiring an additional 232 shares during the period. Choreo LLC lifted its holdings in NiSource by 2.7% in the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 234 shares during the period. Advisory Services Network LLC lifted its holdings in NiSource by 1.6% in the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after acquiring an additional 234 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its holdings in NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 240 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in shares of NiSource by 1.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after buying an additional 245 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Trading Up 0.5%

Shares of NI stock opened at $46.54 on Tuesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 23.15, a PEG ratio of 3.70 and a beta of 0.57. The stock has a 50 day simple moving average of $47.11 and a 200-day simple moving average of $44.73. NiSource, Inc has a 1-year low of $38.13 and a 1-year high of $48.98.

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

NiSource Dividend Announcement

The company also recently declared 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 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is presently 59.70%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NI shares. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Barclays upped their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Citigroup upped their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. KeyCorp started coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price for the company. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.