Wedge Capital Management L L P NC Cuts Position in NiSource, Inc $NI

Key Points

• Wedge Capital Management L L P NC reduced its stake in NiSource by 11.7% in Q4, selling 22,485 shares and retaining 170,255 shares worth about $7.11 million.
• NiSource reported Q4 EPS of $0.51 (beating estimates), set FY2026 guidance of 2.020–2.070 EPS, and declared a quarterly dividend of $0.30 (annualized yield ~2.6%).
• Analysts hold a consensus rating of Moderate Buy with a consensus price target of $47.20, following recent target increases from Citigroup and UBS.

Wedge Capital Management L L P NC reduced its position in NiSource, Inc (NYSE:NI - Free Report) by 11.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,255 shares of the utilities provider's stock after selling 22,485 shares during the period. Wedge Capital Management L L P NC's holdings in NiSource were worth $7,110,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Tower Bridge Advisors increased its position in NiSource by 1.1% during the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider's stock worth $915,000 after purchasing an additional 232 shares in the last quarter. Advisory Services Network LLC lifted its position in 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 buying an additional 234 shares in the last quarter. Verdence Capital Advisors LLC lifted its position in 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 buying an additional 245 shares in the last quarter. Prosperity Consulting Group LLC grew its stake in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider's stock worth $1,020,000 after buying an additional 246 shares during the period. Finally, Harbor Investment Advisory LLC grew its stake in NiSource by 17.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 1,755 shares of the utilities provider's stock worth $73,000 after buying an additional 255 shares during the period. Hedge funds and other institutional investors own 91.64% of the company's stock.

NiSource Stock Up 1.2%

Shares of NYSE:NI opened at $46.00 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $47.96. The company has a 50 day moving average of $45.57 and a two-hundred day moving average of $43.54. The company has a market capitalization of $22.01 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 3.77 and a beta of 0.64.

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

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be issued a $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource's payout ratio is currently 61.54%.

Analysts Set New Price Targets

NI has been the topic of a number of research reports. Citigroup raised their target price on shares of NiSource from $44.00 to $47.00 and gave the company a "neutral" rating in a research note on Thursday, February 12th. Barclays set a $45.00 price target on shares of NiSource in a research report on Monday, December 8th. Wall Street Zen downgraded NiSource from a "hold" rating to a "sell" rating in a report on Saturday, January 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research report on Monday, December 29th. Finally, UBS Group boosted their price objective on NiSource from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Wednesday, December 17th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, NiSource 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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