Sapient Capital LLC Has $346,000 Position in NiSource, Inc $NI

Sapient Capital LLC lowered its stake in shares of NiSource, Inc (NYSE:NI) by 72.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,227 shares of the utilities provider’s stock after selling 21,980 shares during the quarter. Sapient Capital LLC’s holdings in NiSource were worth $346,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. REAP Financial Group LLC acquired a new stake in shares of NiSource in the 3rd quarter valued at $32,000. Elyxium Wealth LLC acquired a new stake in shares of NiSource in the 4th quarter valued at $33,000. Laurel Wealth Advisors LLC acquired a new stake in shares of NiSource in the 4th quarter valued at $46,000. Sentry Investment Management LLC acquired a new stake in shares of NiSource in the 3rd quarter valued at $52,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of NiSource in the 2nd quarter valued at $56,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Up 1.9%

Shares of NYSE:NI opened at $47.43 on Wednesday. The firm has a market cap of $22.74 billion, a P/E ratio of 23.60, a P/E/G ratio of 3.72 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 12-month low of $38.13 and a 12-month high of $48.98. The business has a fifty day simple moving average of $47.13 and a 200 day simple moving average of $44.76.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period last year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The business also recently announced 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 yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Analysts Set New Price Targets

NI has been the topic of a number of research analyst reports. Evercore set a $52.00 target price on NiSource in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. Citigroup raised their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

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.