Swiss National Bank Sells 67,700 Shares of NiSource, Inc $NI

Key Points

• Swiss National Bank sold 67,700 NiSource shares in Q3, cutting its stake by 4.8% to 1,356,800 shares (about 0.28%) worth roughly $58.75 million.
• Large institutional shifts continued—Orion Portfolio Solutions now owns ~16.87 million shares (~$680.4M) and Norges Bank and others added sizable stakes—leaving institutional investors with 91.64% of NiSource.
• Analysts are moderately bullish, with nine Buy and three Hold ratings giving an average rating of "Moderate Buy" and an average price target of $47.20.

Swiss National Bank lowered its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 4.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,356,800 shares of the utilities provider's stock after selling 67,700 shares during the quarter. Swiss National Bank owned about 0.28% of NiSource worth $58,749,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC grew its stake in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock valued at $680,411,000 after buying an additional 16,836,630 shares during the last quarter. Norges Bank acquired a new stake in shares of NiSource in the second quarter valued at about $296,543,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of NiSource during the 3rd quarter worth about $84,086,000. Soroban Capital Partners LP grew its holdings in NiSource by 52.0% in the 2nd quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider's stock valued at $178,877,000 after buying an additional 1,516,296 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its position in NiSource by 34.6% in the 3rd quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider's stock worth $216,918,000 after buying an additional 1,287,745 shares during the period. Institutional investors and hedge funds own 91.64% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NI. Barclays set a $45.00 price objective on shares of NiSource in a research note on Monday, December 8th. Wells Fargo & Company increased their price target on shares of NiSource from $47.00 to $49.00 and gave the company an "overweight" rating in a report on Tuesday, January 20th. Mizuho boosted their price objective on shares of NiSource from $44.00 to $50.00 and gave the stock an "outperform" rating in a report on Wednesday, December 3rd. Citigroup lifted their target price on NiSource from $44.00 to $47.00 and gave the stock a "neutral" rating in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of NiSource in a research note on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, NiSource presently has an average rating of "Moderate Buy" and an average price target of $47.20.

NiSource Price Performance

Shares of NiSource stock opened at $46.24 on Thursday. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.67. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. The firm has a market cap of $22.12 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 3.82 and a beta of 0.64. The firm's 50-day simple moving average is $44.63 and its 200-day simple moving average is $43.14.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

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

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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