Wealth Enhancement Advisory Services LLC Cuts Stock Position in NiSource, Inc $NI

Wealth Enhancement Advisory Services LLC cut its stake in shares of NiSource, Inc (NYSE:NI) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,464 shares of the utilities provider’s stock after selling 13,178 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NiSource were worth $1,653,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NI. Tower Bridge Advisors boosted its stake in shares of NiSource by 1.1% during the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 232 shares in the last quarter. Advisory Services Network LLC increased its stake in NiSource by 1.6% in the 3rd quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after purchasing an additional 234 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in NiSource by 1.7% during the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after purchasing an additional 245 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after purchasing an additional 246 shares during the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in NiSource by 17.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,755 shares of the utilities provider’s stock worth $73,000 after purchasing an additional 255 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on NI shares. KeyCorp assumed coverage on NiSource in a research report on Tuesday. They issued an “overweight” rating and a $52.00 price target for the company. 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 research report on Wednesday, December 17th. Citigroup increased their price objective on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. BMO Capital Markets set a $50.00 target price on shares of NiSource in a report on Thursday, February 12th. Finally, Barclays set a $45.00 target price on shares of NiSource in a research report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, NiSource presently has an average rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Stock Down 0.1%

Shares of NYSE:NI opened at $47.46 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $22.75 billion, a P/E ratio of 24.34, a P/E/G ratio of 3.89 and a beta of 0.61. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $47.96. The stock’s fifty day simple moving average is $45.91 and its 200-day simple moving average is $43.73.

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

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource’s dividend payout ratio is presently 61.54%.

Key NiSource News

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp initiated coverage on NI with a “Strong-Buy” and published above-consensus multi-year EPS forecasts (FY2026: $2.06 vs. market consensus ~$1.91; FY2027–FY2030 rising to $2.28, $2.42, $2.67 and $2.93). KeyCorp also provided quarterly cadence (Q1 2026: $1.07; Q2: $0.17; Q3: $0.20; Q4: $0.62), signaling analyst confidence in rate/recovery drivers and longer-term earnings growth. NiSource (NYSE:NI) Coverage Initiated at KeyCorp
• Positive Sentiment: Zacks published a bullish note framing NiSource as an attractive dividend stock, highlighting yield reliability and the regulated utility cash flow profile — a factor that can support investor demand and downside protection for the shares. Why NiSource (NI) is a Great Dividend Stock Right Now
• Neutral Sentiment: A brokerage note aggregated by American Banking News lists a consensus price target of $47.20 — roughly in line with the recent trading range — suggesting limited near-term upside from current quotes absent new operational or regulatory catalysts. Brokerages Set NiSource, Inc (NYSE:NI) Price Target at $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.