Envestnet Asset Management Inc. Has $22.32 Million Holdings in NiSource, Inc $NI

Envestnet Asset Management Inc. decreased its position in shares of NiSource, Inc (NYSE:NI) by 16.5% in the third quarter, Holdings Channel reports. The fund owned 515,371 shares of the utilities provider’s stock after selling 102,109 shares during the period. Envestnet Asset Management Inc.’s holdings in NiSource were worth $22,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of NiSource by 1.0% in the second quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after purchasing an additional 578,061 shares during the period. State Street Corp grew its holdings in NiSource by 4.1% in the 2nd quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock valued at $997,447,000 after buying an additional 965,718 shares during the last quarter. Orion Porfolio Solutions LLC increased its position in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the period. Geode Capital Management LLC lifted its holdings in shares of NiSource by 1.0% during the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock worth $491,850,000 after buying an additional 124,868 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of NiSource by 1.4% in the second quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock valued at $473,381,000 after acquiring an additional 156,958 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NI. Citigroup boosted their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and upped their price objective for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. Finally, BMO Capital Markets set a $50.00 price target on NiSource in a research note on Thursday. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Price Performance

Shares of NI stock opened at $46.34 on Friday. The stock’s fifty day simple moving average is $42.83 and its 200 day simple moving average is $42.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.39. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 3.71 and a beta of 0.65. NiSource, Inc has a one year low of $35.64 and a one year high of $46.40.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 3rd will be issued a $0.30 dividend. This is a positive change from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Tuesday, February 3rd. NiSource’s dividend payout ratio (DPR) is 63.49%.

Insider Buying and Selling

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president directly owned 41,247 shares in the company, valued at approximately $1,778,983.11. This represents a 16.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by insiders.

NiSource 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.