Northwestern Mutual Wealth Management Co. Has $26.89 Million Stake in NiSource, Inc $NI

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 2,710.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 644,006 shares of the utilities provider’s stock after acquiring an additional 621,091 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in NiSource were worth $26,894,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ANTIPODES PARTNERS Ltd acquired a new position in NiSource during the third quarter valued at approximately $84,086,000. Magellan Asset Management Ltd grew its holdings in NiSource by 7.5% during the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock valued at $15,985,000 after purchasing an additional 25,721 shares during the period. WINTON GROUP Ltd acquired a new position in NiSource during the third quarter valued at approximately $1,154,000. Capital International Investors grew its holdings in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after purchasing an additional 1,065,591 shares during the period. Finally, Inspire Advisors LLC acquired a new position in NiSource during the third quarter valued at approximately $1,113,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NI stock opened at $47.43 on Wednesday. The company’s fifty day simple moving average is $47.13 and its 200-day simple moving average is $44.76. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The firm has a market cap of $22.74 billion, a PE ratio of 23.60, a P/E/G ratio of 3.72 and a beta of 0.57. NiSource, Inc has a 12 month low of $38.13 and a 12 month high of $48.98.

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

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is currently 59.70%.

Wall Street Analyst Weigh In

NI has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Citigroup boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday. Finally, KeyCorp initiated coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. One investment 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 stock. According to MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average price target of $50.33.

NiSource Company 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.