NiSource, Inc $NI Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its position in shares of NiSource, Inc (NYSE:NI) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,085,746 shares of the utilities provider’s stock after selling 263,732 shares during the quarter. Thrivent Financial for Lutherans owned about 0.44% of NiSource worth $87,103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after acquiring an additional 1,032,630 shares during the last quarter. State Street Corp increased its stake in NiSource by 3.5% during the third quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock worth $1,107,647,000 after acquiring an additional 854,767 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. JPMorgan Chase & Co. increased its stake in NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock worth $367,852,000 after acquiring an additional 183,203 shares during the last quarter. Finally, Capital International Investors increased its stake in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after acquiring an additional 1,065,591 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NI shares. Evercore set a $52.00 price target on NiSource in a research note on Monday. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday. KeyCorp started coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. BMO Capital Markets restated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research note on Monday, April 20th. Finally, Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Price Performance

NI stock opened at $46.32 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a 1 year low of $38.13 and a 1 year high of $48.98. The firm has a market cap of $22.21 billion, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 3.79 and a beta of 0.57. The stock has a 50-day simple moving average of $47.12 and a 200-day simple moving average of $44.70.

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

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 59.70%.

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.