Shell Asset Management Co. Lowers Position in NiSource, Inc $NI

Shell Asset Management Co. trimmed its stake in NiSource, Inc (NYSE:NI) by 34.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 39,332 shares of the utilities provider’s stock after selling 21,088 shares during the period. Shell Asset Management Co.’s holdings in NiSource were worth $1,703,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. Crewe Advisors LLC lifted its stake in NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 304 shares in the last quarter. Hantz Financial Services Inc. boosted its position in NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Country Trust Bank purchased a new stake in shares of NiSource during the second quarter worth $28,000. REAP Financial Group LLC purchased a new position in NiSource in the third quarter worth approximately $32,000. Finally, Quent Capital LLC purchased a new stake in shares of NiSource in the 3rd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

NiSource stock opened at $46.34 on Monday. The firm has a market capitalization of $22.18 billion, a P/E ratio of 23.77, a PEG ratio of 3.81 and a beta of 0.65. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $46.40. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average price of $42.83 and a 200 day moving average price of $42.62.

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

NiSource Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from NiSource’s previous quarterly dividend of $0.28. NiSource’s payout ratio is 61.54%.

Insider Buying and Selling

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total transaction of $345,040.00. Following the completion of the sale, the executive vice president directly owned 41,247 shares in the company, valued at $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NI. Mizuho increased their price target on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Citigroup increased their price target on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday. Barclays set a $45.00 target price on shares of NiSource in a research report on Monday, December 8th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and raised their price objective for the company from $46.00 to $50.00 in a research note on Friday, October 31st. Finally, BMO Capital Markets set a $50.00 price target on NiSource in a research report on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource 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.