Tredje AP fonden Buys 218,498 Shares of NiSource, Inc $NI

Tredje AP fonden grew its stake in shares of NiSource, Inc (NYSE:NI) by 209.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 323,043 shares of the utilities provider’s stock after buying an additional 218,498 shares during the quarter. Tredje AP fonden’s holdings in NiSource were worth $13,988,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its stake in NiSource by 1.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after buying an additional 245 shares during the period. Mark Sheptoff Financial Planning LLC grew its stake in NiSource by 4.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock valued at $232,000 after acquiring an additional 250 shares during the period. Bank of Nova Scotia increased its holdings in shares of NiSource by 0.5% during the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares in the last quarter. Shepherd Financial Partners LLC raised its position in shares of NiSource by 3.9% during the second quarter. Shepherd Financial Partners LLC now owns 7,656 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 285 shares during the period. Finally, 1834 Investment Advisors Co. raised its position in shares of NiSource by 1.4% during the third quarter. 1834 Investment Advisors Co. now owns 23,895 shares of the utilities provider’s stock worth $1,035,000 after purchasing an additional 330 shares during the period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Wells Fargo & Company lifted their price objective on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Finally, Citigroup lifted their price target on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Stock Up 1.1%

NI opened at $46.33 on Friday. NiSource, Inc has a fifty-two week low of $35.64 and a fifty-two week high of $47.05. The firm has a market capitalization of $22.17 billion, a P/E ratio of 23.76, a PEG ratio of 3.81 and a beta of 0.65. The company’s 50-day moving average is $43.30 and its 200 day moving average is $42.74. 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 posted its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

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

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the transaction, the executive vice president owned 41,247 shares in the company, valued at $1,778,983.11. This represents a 16.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

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.