Citigroup Inc. Trims Stake in NiSource, Inc $NI

Citigroup Inc. cut its holdings in NiSource, Inc (NYSE:NI) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 456,380 shares of the utilities provider’s stock after selling 19,527 shares during the period. Citigroup Inc.’s holdings in NiSource were worth $19,761,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Verdence Capital Advisors LLC raised its stake in shares of NiSource by 1.7% in the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock worth $626,000 after buying an additional 245 shares during the period. Mark Sheptoff Financial Planning LLC increased its stake in shares of NiSource by 4.5% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock worth $232,000 after purchasing an additional 250 shares in the last quarter. Bank of Nova Scotia boosted its holdings in NiSource by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after buying an additional 266 shares during the period. Shepherd Financial Partners LLC increased its stake in NiSource by 3.9% in the 2nd quarter. Shepherd Financial Partners LLC now owns 7,656 shares of the utilities provider’s stock worth $309,000 after buying an additional 285 shares in the last quarter. Finally, 1834 Investment Advisors Co. raised its holdings in NiSource by 1.4% during the third quarter. 1834 Investment Advisors Co. now owns 23,895 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 330 shares during the period. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NI has been the topic of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. UBS Group boosted their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Wells Fargo & Company raised their target price on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, Barclays set a $45.00 price target on shares of NiSource in a research note on Monday, December 8th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.20.

NiSource Price Performance

NiSource stock opened at $46.69 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. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $47.05. The firm’s fifty day moving average is $43.70 and its 200 day moving average is $42.85. The company has a market cap of $22.34 billion, a price-to-earnings ratio of 23.94, a PEG ratio of 3.81 and a beta of 0.65.

NiSource (NYSE:NI) last issued 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. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the previous year, the firm posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a $0.30 dividend. This is a boost from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, February 3rd. NiSource’s dividend payout ratio is 61.54%.

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.