Tredje AP fonden Grows Stock Position in NiSource, Inc $NI

Tredje AP fonden increased its position in shares of NiSource, Inc (NYSE:NI) by 6.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 343,565 shares of the utilities provider’s stock after purchasing an additional 20,522 shares during the quarter. Tredje AP fonden’s holdings in NiSource were worth $14,347,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in shares of NiSource during the 3rd quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in shares of NiSource during the 4th quarter valued at approximately $33,000. Laurel Wealth Advisors LLC purchased a new stake in shares of NiSource during the 4th quarter valued at approximately $46,000. Sentry Investment Management LLC purchased a new stake in shares of NiSource during the 3rd quarter valued at approximately $52,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of NiSource during the 2nd quarter valued at approximately $56,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 1.9%

Shares of NYSE NI opened at $47.43 on Wednesday. The firm has a market cap of $22.74 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 3.72 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 52-week low of $38.13 and a 52-week high of $48.98. The business’s 50 day moving average is $47.13 and its two-hundred day moving average is $44.76.

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

NiSource Dividend Announcement

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on NI shares. Wells Fargo & Company lifted their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. KeyCorp initiated coverage on NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Barclays boosted their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday. 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. Based on data from MarketBeat.com, the stock currently 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.