Fjarde AP Fonden Fourth Swedish National Pension Fund Has $16.01 Million Stock Position in NiSource, Inc $NI

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of NiSource, Inc (NYSE:NI) by 22.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,050 shares of the utilities provider’s stock after purchasing an additional 63,050 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NiSource were worth $16,007,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Zions Bancorporation National Association UT increased its position in NiSource by 113.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after buying an additional 330 shares during the last quarter. Strive Financial Group LLC bought a new position in NiSource during the fourth quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource in the fourth quarter worth about $27,000. Acumen Wealth Advisors LLC acquired a new stake in shares of NiSource in the fourth quarter worth about $28,000. Finally, DV Equities LLC bought a new stake in shares of NiSource during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. KeyCorp assumed 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. Barclays raised their target price 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. Finally, Wells Fargo & Company boosted their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NiSource has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Insiders Place Their Bets

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock worth $1,305,675 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

NiSource Trading Down 0.3%

NiSource stock opened at $47.70 on Friday. The business has a 50 day moving average price of $47.23 and a two-hundred day moving average price of $45.76. 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 stock has a market cap of $22.87 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 3.82 and a beta of 0.55. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21.

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. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

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

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.