Artemis Investment Management LLP Has $19.99 Million Stock Position in NiSource, Inc $NI

Key Points

• Artemis Investment Management LLP cut its stake in NiSource by 48.4% in Q4, selling 449,456 shares and retaining 478,566 shares worth about $19.99 million (roughly 0.10% of the company).
• NiSource beat quarterly EPS estimates ($0.51 vs. $0.49) and reported $1.90 billion in revenue, and it set FY2026 guidance of 2.020–2.070 EPS (sell-side consensus ~2.05).
• The company declared a quarterly dividend of $0.30 (annualized $1.20) for a ~2.5% yield with an ex-dividend date of April 30 and pay date of May 20; analysts' consensus rating is "Moderate Buy" with a $48.80 price target.

Artemis Investment Management LLP decreased its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 48.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 478,566 shares of the utilities provider's stock after selling 449,456 shares during the quarter. Artemis Investment Management LLP owned about 0.10% of NiSource worth $19,985,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NI. NewEdge Advisors LLC boosted its stake in shares of NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider's stock worth $1,223,000 after acquiring an additional 11,452 shares during the period. Woodline Partners LP boosted its stake in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider's stock worth $1,592,000 after acquiring an additional 11,671 shares during the period. Acadian Asset Management LLC bought a new position in shares of NiSource during the 1st quarter worth approximately $105,000. Bank of Nova Scotia boosted its stake in NiSource by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider's stock valued at $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. bought a new stake in NiSource in the 2nd quarter valued at $1,054,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Down 0.3%

NI stock opened at $48.14 on Friday. NiSource, Inc has a twelve month low of $37.22 and a twelve month high of $48.98. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The stock's 50 day moving average is $47.05 and its 200-day moving average is $44.46. The firm has a market capitalization of $23.08 billion, a PE ratio of 24.69, a P/E/G ratio of 3.86 and a beta of 0.57.

NiSource (NYSE:NI - Get Free Report) last posted its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share 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 company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource's dividend payout ratio (DPR) is presently 61.54%.

Analyst Ratings Changes

Several research firms recently issued reports on NI. Weiss Ratings downgraded NiSource from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Citigroup boosted their price target on NiSource from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Barclays boosted their price target on NiSource from $45.00 to $49.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. KeyCorp started coverage on NiSource in a report on Tuesday, March 31st. They issued an "overweight" rating and a $52.00 price objective for the company. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.80.

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.

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