Sigma Planning Corp Sells 23,542 Shares of NiSource, Inc $NI

Sigma Planning Corp cut its position in shares of NiSource, Inc (NYSE:NI) by 49.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,003 shares of the utilities provider’s stock after selling 23,542 shares during the period. Sigma Planning Corp’s holdings in NiSource were worth $968,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NI. Cullen Frost Bankers Inc. raised its stake in NiSource by 181.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 941 shares in the last quarter. LPL Financial LLC increased its holdings in shares of NiSource by 29.9% in the 1st quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after buying an additional 53,972 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of NiSource by 90.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock valued at $3,223,000 after buying an additional 38,237 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of NiSource by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 820 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of NiSource by 179.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 60,375 shares of the utilities provider’s stock valued at $2,419,000 after acquiring an additional 38,760 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $50.00 in a research report on Friday, October 31st. Zacks Research raised shares of NiSource to a “hold” rating in a research note on Monday, August 11th. BMO Capital Markets upped their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Stock Performance

Shares of NiSource stock opened at $42.79 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.48 and a debt-to-equity ratio of 1.29. The stock’s fifty day moving average price is $42.31 and its 200-day moving average price is $41.00. The firm has a market cap of $20.42 billion, a P/E ratio of 22.64, a P/E/G ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 12 month low of $34.82 and a 12 month high of $44.88.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period last year, the company earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. On average, equities research analysts expect that NiSource, Inc will post 1.91 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, November 20th. Investors of record on Friday, October 31st will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 59.26%.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.