NiSource, Inc $NI Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its position in shares of NiSource, Inc (NYSE:NI) by 56.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,200 shares of the utilities provider’s stock after selling 109,371 shares during the quarter. Intech Investment Management LLC’s holdings in NiSource were worth $3,689,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NI. NewEdge Advisors LLC grew its holdings in shares of NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP boosted its position in NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 11,671 shares during the last quarter. Acadian Asset Management LLC acquired a new position in NiSource during the first quarter worth about $105,000. Y Intercept Hong Kong Ltd purchased a new stake in NiSource during the 2nd quarter valued at about $1,542,000. Finally, Teacher Retirement System of Texas raised its holdings in NiSource by 4.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 71,442 shares of the utilities provider’s stock valued at $2,882,000 after acquiring an additional 3,253 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NYSE:NI opened at $47.22 on Monday. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $47.35. The stock’s fifty day moving average is $43.82 and its two-hundred day moving average is $42.89. The company has a market capitalization of $22.60 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.88 and a beta of 0.64. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the prior year, the business posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.30 per share. This is a boost from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Tuesday, February 3rd. NiSource’s dividend payout ratio (DPR) is 61.54%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on NI shares. Mizuho upped their price target on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. BMO Capital Markets set a $50.00 price target on NiSource in a report on Thursday, February 12th. Finally, UBS Group boosted their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

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.