Park Avenue Securities LLC Cuts Stake in NiSource, Inc $NI

Park Avenue Securities LLC lessened its holdings in shares of NiSource, Inc (NYSE:NI) by 31.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,695 shares of the utilities provider’s stock after selling 11,018 shares during the period. Park Avenue Securities LLC’s holdings in NiSource were worth $990,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Country Trust Bank acquired a new position in NiSource during the 2nd quarter valued at about $28,000. REAP Financial Group LLC acquired a new stake in NiSource in the third quarter worth about $32,000. Quent Capital LLC acquired a new stake in NiSource in the third quarter worth about $36,000. CYBER HORNET ETFs LLC purchased a new stake in shares of NiSource during the second quarter worth about $44,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of NiSource during the third quarter worth about $48,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the subject of several research analyst reports. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Mizuho boosted their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Wells Fargo & Company upped their price target 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. Barclays set a $45.00 price target on shares of NiSource in a report on Monday, December 8th. Finally, UBS Group boosted their price objective on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

NiSource Trading Down 0.6%

Shares of NYSE:NI opened at $45.41 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 $47.96. The stock has a market cap of $21.73 billion, a price-to-earnings ratio of 23.29, a PEG ratio of 3.74 and a beta of 0.64. The business has a 50-day moving average price of $45.53 and a 200-day moving average price of $43.48.

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

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a $0.30 dividend. 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 dividend payout ratio is presently 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.