NiSource, Inc $NI Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its position in shares of NiSource, Inc (NYSE:NI) by 72.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 506,363 shares of the utilities provider’s stock after selling 1,357,775 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NiSource were worth $21,146,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in NiSource by 3.5% in the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock worth $1,107,647,000 after acquiring an additional 854,767 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after purchasing an additional 16,836,630 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock worth $367,852,000 after purchasing an additional 183,203 shares during the last quarter. Capital International Investors boosted its holdings in shares of NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after purchasing an additional 1,065,591 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of NiSource by 1.4% in the second quarter. Invesco Ltd. now owns 8,017,350 shares of the utilities provider’s stock valued at $323,420,000 after purchasing an additional 107,341 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the topic of several recent analyst reports. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. UBS Group lifted their price target on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Mizuho upped their price objective on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. BMO Capital Markets set a $50.00 price objective on shares of NiSource in a report on Thursday, February 12th. Finally, Barclays set a $45.00 target price on shares of NiSource in a research report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average price target of $47.20.

NiSource Trading Down 0.6%

Shares of NI opened at $45.41 on Friday. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.96. The firm has a market capitalization of $21.73 billion, a P/E ratio of 23.29, a price-to-earnings-growth ratio of 3.74 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The stock’s fifty day simple moving average is $45.53 and its 200 day simple moving average is $43.48.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s payout ratio is presently 61.54%.

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.