Retirement Systems of Alabama Has $34.87 Million Position in NiSource, Inc $NI

Retirement Systems of Alabama cut its stake in NiSource, Inc (NYSE:NI) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 864,272 shares of the utilities provider’s stock after selling 13,350 shares during the quarter. Retirement Systems of Alabama’s holdings in NiSource were worth $34,865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of NI. Amalgamated Bank raised its holdings in NiSource by 2.9% in the 1st quarter. Amalgamated Bank now owns 93,155 shares of the utilities provider’s stock valued at $3,735,000 after acquiring an additional 2,650 shares during the period. Mather Group LLC. grew its position in shares of NiSource by 13.0% in the first quarter. Mather Group LLC. now owns 5,189 shares of the utilities provider’s stock valued at $208,000 after purchasing an additional 597 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of NiSource by 2.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 55,607 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 1,339 shares during the period. Rossby Financial LCC acquired a new stake in NiSource during the 1st quarter worth approximately $69,000. Finally, Teacher Retirement System of Texas bought a new stake in NiSource in the 1st quarter valued at $2,734,000. Institutional investors own 91.64% of the company’s stock.

NiSource Trading Down 0.9%

Shares of NiSource stock opened at $42.08 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. NiSource, Inc has a 12-month low of $34.23 and a 12-month high of $44.88. The company has a market capitalization of $19.82 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 3.13 and a beta of 0.60. The firm’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $40.88.

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

NiSource Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be issued 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 currently 59.26%.

Analyst Upgrades and Downgrades

NI has been the topic of several recent research reports. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research report on Tuesday. Evercore ISI upped 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. Jefferies Financial Group cut shares of NiSource from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $48.00 to $44.00 in a research note on Friday, September 5th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.