NiSource, Inc $NI Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lessened its holdings in NiSource, Inc (NYSE:NI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 682,330 shares of the utilities provider’s stock after selling 15,483 shares during the quarter. Exchange Traded Concepts LLC owned 0.14% of NiSource worth $28,494,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Bridge Advisors boosted its stake in shares of NiSource by 1.1% in the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after buying an additional 232 shares in the last quarter. Advisory Services Network LLC raised its position in NiSource by 1.6% in the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 234 shares in the last quarter. Verdence Capital Advisors LLC raised its position in NiSource by 1.7% in the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after acquiring an additional 245 shares in the last quarter. Prosperity Consulting Group LLC lifted its holdings in NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after acquiring an additional 246 shares during the period. Finally, Harbor Investment Advisory LLC lifted its holdings in NiSource by 17.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 1,755 shares of the utilities provider’s stock valued at $73,000 after acquiring an additional 255 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NI opened at $46.00 on Friday. NiSource, Inc has a 12-month low of $35.64 and a 12-month high of $47.96. The stock has a market cap of $22.01 billion, a P/E ratio of 23.59, a PEG ratio of 3.73 and a beta of 0.64. 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 company has a 50-day moving average of $45.57 and a two-hundred day moving average of $43.52.

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

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s payout ratio is 61.54%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NI shares. Wells Fargo & Company upped their price target on shares of NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Mizuho raised their price objective 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. UBS Group boosted their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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.