SVB Wealth LLC Sells 43,049 Shares of NiSource, Inc $NI

SVB Wealth LLC decreased its position in NiSource, Inc (NYSE:NI) by 65.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,370 shares of the utilities provider’s stock after selling 43,049 shares during the period. SVB Wealth LLC’s holdings in NiSource were worth $934,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its holdings in NiSource by 15.3% in the fourth quarter. Swiss Life Asset Management Ltd now owns 81,659 shares of the utilities provider’s stock valued at $3,410,000 after acquiring an additional 10,844 shares during the last quarter. Dogwood Wealth Management LLC bought a new position in NiSource in the fourth quarter valued at about $253,000. NewEdge Wealth LLC boosted its holdings in NiSource by 34.5% in the fourth quarter. NewEdge Wealth LLC now owns 10,385 shares of the utilities provider’s stock valued at $434,000 after acquiring an additional 2,662 shares during the last quarter. Legacy Wealth Managment LLC ID boosted its holdings in NiSource by 30.3% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 1,626 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 378 shares during the last quarter. Finally, Ethic Inc. boosted its holdings in NiSource by 34.6% in the fourth quarter. Ethic Inc. now owns 13,317 shares of the utilities provider’s stock valued at $556,000 after acquiring an additional 3,422 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NI opened at $47.01 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 1 year low of $37.22 and a 1 year high of $48.98. The stock has a market cap of $22.54 billion, a P/E ratio of 23.39, a price-to-earnings-growth ratio of 3.73 and a beta of 0.57. The stock’s 50-day moving average price is $47.14 and its two-hundred day moving average price is $44.62.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business 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 year.

NiSource Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NI. KeyCorp began coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target on the stock. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Citigroup raised their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday. Finally, Evercore set a $52.00 price target on NiSource in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.