PFA Pension Forsikringsaktieselskab Takes Position in NiSource, Inc $NI

Key Points

• PFA Pension Forsikringsaktieselskab bought a new stake of 2,401,071 shares in NiSource (NYSE:NI) during Q4, valued at about $100.97 million and representing roughly 0.50% of the company, while institutional investors collectively own about 91.64% of the stock.
• Analysts carry an average rating of "Moderate Buy" with an average price target of $48.80, several brokers have recent overweight/outperform ratings with $51–$52 targets, and NiSource guides FY2026 EPS of 2.020–2.070 while paying a $0.30 quarterly dividend (≈2.5% yield).

PFA Pension Forsikringsaktieselskab bought a new stake in NiSource, Inc (NYSE:NI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,401,071 shares of the utilities provider's stock, valued at approximately $100,965,000. PFA Pension Forsikringsaktieselskab owned 0.50% of NiSource at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. REAP Financial Group LLC purchased a new position in shares of NiSource in the 3rd quarter valued at $32,000. Quent Capital LLC purchased a new position in shares of NiSource in the 3rd quarter valued at $36,000. Laurel Wealth Advisors LLC purchased a new position in shares of NiSource in the 4th quarter valued at $46,000. Sentry Investment Management LLC purchased a new position in shares of NiSource in the 3rd quarter valued at $52,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of NiSource in the 2nd quarter valued at $56,000. Hedge funds and other institutional investors own 91.64% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NI. Weiss Ratings downgraded shares of NiSource from a "buy (b+)" rating to a "buy (b)" rating in a research note on Friday, April 24th. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an "overweight" rating and a $52.00 target price on the stock. BMO Capital Markets reaffirmed an "outperform" rating and set a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Wall Street Zen raised shares of NiSource from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $51.00 price objective on shares of NiSource in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $48.80.

NiSource Stock Down 0.3%

Shares of NiSource stock opened at $48.14 on Friday. The business has a 50-day moving average of $47.05 and a 200-day moving average of $44.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The company 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 0.61. NiSource, Inc has a 1-year low of $37.22 and a 1-year high of $48.98.

NiSource (NYSE:NI - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. 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. As a group, equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource's 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.

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