Legal & General Group Plc Sells 167,097 Shares of NiSource, Inc $NI

Key Points

• Legal & General trimmed its NiSource stake by 167,097 shares (a 3.9% reduction) in Q3 to 4,063,222 shares, leaving it with about a 0.85% position valued at roughly $175.9 million; institutional investors now own about 91.6% of the stock.
• NiSource beat expectations with $0.51 EPS vs. $0.49 expected and reported $1.90 billion in revenue for the quarter, and set FY2026 guidance of $2.020–$2.070 EPS (sell-side consensus ~1.91).
• Dividend raised to $0.30 quarterly (annualized $1.20) for a ~2.6% yield, with a current payout ratio of about 61.5%.

Legal & General Group Plc lessened its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 3.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,063,222 shares of the utilities provider's stock after selling 167,097 shares during the period. Legal & General Group Plc owned approximately 0.85% of NiSource worth $175,938,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Country Trust Bank bought a new stake in NiSource in the second quarter worth $28,000. REAP Financial Group LLC purchased a new stake in shares of NiSource in the third quarter worth $32,000. Quent Capital LLC bought a new position in shares of NiSource during the third quarter valued at $36,000. Traub Capital Management LLC bought a new position in shares of NiSource during the second quarter valued at $39,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of NiSource in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

NiSource Price Performance

NYSE NI opened at $46.62 on Friday. NiSource, Inc has a one year low of $35.64 and a one year high of $47.67. The stock has a 50-day moving average of $44.73 and a 200 day moving average of $43.17. The company has a market capitalization of $22.31 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 3.79 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69.

NiSource (NYSE:NI - Get Free Report) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates 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 firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of NiSource from $44.00 to $47.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. Wells Fargo & Company raised their price objective 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 target price on shares of NiSource in a research note on Monday, December 8th. Mizuho increased their price target on shares of NiSource from $44.00 to $50.00 and gave the company an "outperform" rating in a report on Wednesday, December 3rd. Finally, BMO Capital Markets set a $50.00 price target on shares of NiSource in a research report on Thursday, February 12th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.20.

About NiSource

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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