Retirement Systems of Alabama Sells 13,350 Shares of NiSource, Inc $NI

Retirement Systems of Alabama lessened its stake in NiSource, Inc (NYSE:NI) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 864,272 shares of the utilities provider’s stock after selling 13,350 shares during the quarter. Retirement Systems of Alabama owned 0.18% of NiSource worth $34,865,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cullen Frost Bankers Inc. lifted its holdings in shares of NiSource by 181.7% in the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock valued at $59,000 after purchasing an additional 941 shares in the last quarter. LPL Financial LLC grew its holdings in shares of NiSource by 29.9% during the first quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after buying an additional 53,972 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NiSource by 90.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock valued at $3,223,000 after buying an additional 38,237 shares during the last quarter. Nordea Investment Management AB lifted its stake in NiSource by 3.9% in the 2nd quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 820 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in NiSource by 179.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 60,375 shares of the utilities provider’s stock valued at $2,419,000 after acquiring an additional 38,760 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Performance

Shares of NI stock opened at $42.08 on Friday. The company has a fifty day moving average price of $42.30 and a two-hundred day moving average price of $40.88. NiSource, Inc has a one year low of $34.23 and a one year high of $44.88. The stock has a market cap of $19.82 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.13 and a beta of 0.60. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $983.25 million. During the same period in the previous year, the company posted $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. As a group, equities analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on NI. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a report on Tuesday. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Evercore ISI lifted their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a research note on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. Finally, BMO Capital Markets increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.11.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.