Duff & Phelps Investment Management Co. Reduces Stock Position in NiSource, Inc $NI

Duff & Phelps Investment Management Co. cut its holdings in NiSource, Inc (NYSE:NI) by 5.9% during the 3rd quarter, Holdings Channel reports. The firm owned 3,122,073 shares of the utilities provider’s stock after selling 196,342 shares during the period. NiSource makes up approximately 1.5% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 18th biggest position. Duff & Phelps Investment Management Co.’s holdings in NiSource were worth $135,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NI. Orion Porfolio Solutions LLC raised its position in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. Norges Bank bought a new stake in shares of NiSource in the 2nd quarter worth approximately $296,543,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of NiSource during the third quarter valued at approximately $84,086,000. Soroban Capital Partners LP increased its stake in shares of NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock valued at $178,877,000 after buying an additional 1,516,296 shares during the period. Finally, Reaves W H & Co. Inc. raised its holdings in shares of NiSource by 34.6% during the third quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider’s stock valued at $216,918,000 after acquiring an additional 1,287,745 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NI. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. BMO Capital Markets set a $50.00 price objective on shares of NiSource in a report on Thursday, February 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Wells Fargo & Company lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Mizuho boosted their price target on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Stock Performance

Shares of NiSource stock opened at $46.24 on Thursday. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.67. The firm’s 50-day moving average is $44.63 and its 200 day moving average is $43.14. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.82 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 13.99% and a return on equity of 8.07%. During the same period in the previous year, the company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were paid a $0.30 dividend. This is an increase from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Tuesday, February 3rd. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

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.