Alps Advisors Slashes NiSource Stake by 84.7% Despite Strong Q4 Earnings and Dividend Growth

Alps Advisors Inc. significantly reduced its position in NiSource Inc. (NI) during the third quarter, cutting its stake by 84.7%. This substantial institutional divestment comes despite NiSource reporting robust financial results for the fourth quarter, posting earnings per share of $0.51 and exceeding analyst expectations. Furthermore, the utility company saw its revenue climb by 18% on a year-over-year basis, reflecting strong operational momentum. In a move to reward shareholders, NiSource also announced an increase in its quarterly cash dividend alongside the positive earnings report. While the institutional sell-off presents a cautious signal, the company's underlying fundamentals and reaffirmed long-term guidance suggest continued stability. Market analysts suggest the stake reduction may be a portfolio adjustment rather than a reflection of the company's intrinsic value.