Forsta AP Fonden Sells 65,300 Shares of NiSource, Inc $NI

Forsta AP Fonden lessened its position in shares of NiSource, Inc (NYSE:NI) by 34.1% in the 4th quarter, HoldingsChannel reports. The fund owned 126,100 shares of the utilities provider’s stock after selling 65,300 shares during the period. Forsta AP Fonden’s holdings in NiSource were worth $5,266,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NI. Vanguard Group Inc. increased its stake in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after purchasing an additional 1,032,630 shares in the last quarter. State Street Corp increased its stake in NiSource by 3.5% during the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock valued at $1,107,647,000 after purchasing an additional 854,767 shares in the last quarter. Orion Porfolio Solutions LLC increased its stake in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Geode Capital Management LLC increased its stake in NiSource by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after purchasing an additional 245,110 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in NiSource by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock valued at $367,852,000 after purchasing an additional 183,203 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays upped their price target on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Citigroup increased their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, NiSource has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Stock Performance

Shares of NYSE NI opened at $45.17 on Tuesday. The company’s fifty day moving average price is $47.17 and its 200 day moving average price is $45.03. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98. The company has a market capitalization of $21.65 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.69 and a beta of 0.57. 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 (NYSE:NI) last announced its quarterly 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 net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The business also recently disclosed 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. This represents a $1.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Insider Buying and Selling at NiSource

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This trade represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. Insiders own 0.37% of the company’s stock.

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.