Korea Investment CORP Has $11.16 Million Stock Position in NiSource, Inc $NI

Korea Investment CORP has reduced its stake in NiSource, Inc. (NYSE:NI) by 34.7% in the third quarter, holding 257,761 shares valued at $11.16 million. Despite this reduction, NiSource remains a utility provider with 91.64% institutional ownership and a “Moderate Buy” consensus rating from analysts, who have an average price target of $47.20. The company recently reported strong earnings, exceeding analyst estimates, and increased its quarterly dividend to $0.30 per share.