Sumitomo Mitsui Trust Group Inc. Sells 58,736 Shares of NiSource, Inc $NI

Key Points

• Sumitomo Mitsui Trust Group reduced its stake in NiSource by 5.4%, selling 58,736 shares to hold 1,037,042 shares (~0.22% ownership) valued at $43.3M at quarter-end.
• NiSource beat quarterly expectations, reporting $0.51 EPS versus a $0.49 consensus and $1.90B revenue (vs. $1.20B expected), and set FY2026 guidance of 2.020–2.070 EPS.
• NiSource declared a quarterly dividend of $0.30 (ex-dividend Apr 30, yield ~2.5%), and holds a consensus analyst rating of "Moderate Buy" with a $47.64 price target.

Sumitomo Mitsui Trust Group Inc. cut its holdings in NiSource, Inc (NYSE:NI - Free Report) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,037,042 shares of the utilities provider's stock after selling 58,736 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.22% of NiSource worth $43,307,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NI. Tower Bridge Advisors raised its stake in shares of NiSource by 1.1% during the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider's stock valued at $915,000 after acquiring an additional 232 shares during the last quarter. Advisory Services Network LLC raised its stake in shares of NiSource by 1.6% during the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider's stock valued at $647,000 after acquiring an additional 234 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of NiSource by 1.7% during the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider's stock valued at $626,000 after acquiring an additional 245 shares during the last quarter. Prosperity Consulting Group LLC raised its stake in shares of NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider's stock valued at $1,020,000 after acquiring an additional 246 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in shares of NiSource by 17.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,755 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 255 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Price Performance

Shares of NYSE NI opened at $47.36 on Thursday. NiSource, Inc has a 1 year low of $37.22 and a 1 year high of $48.76. 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's 50-day moving average is $46.46 and its 200 day moving average is $44.12. The stock has a market capitalization of $22.70 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.87 and a beta of 0.61.

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

NiSource Dividend Announcement

The business 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. The ex-dividend date is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource's payout ratio is currently 61.54%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BMO Capital Markets set a $50.00 price objective on shares of NiSource in a research note on Thursday, February 12th. Wall Street Zen raised shares of NiSource from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Wells Fargo & Company upped 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. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an "overweight" rating and a $52.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of NiSource in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $47.64.

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.

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