Capital International Investors Grows Position in NiSource, Inc $NI

Capital International Investors boosted its stake in shares of NiSource, Inc (NYSE:NI) by 15.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,136,157 shares of the utilities provider’s stock after purchasing an additional 1,065,591 shares during the period. Capital International Investors owned approximately 1.70% of NiSource worth $352,296,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ANTIPODES PARTNERS Ltd acquired a new stake in shares of NiSource in the third quarter worth $84,086,000. Magnetar Financial LLC lifted its holdings in shares of NiSource by 195.5% during the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after acquiring an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management boosted its position in NiSource by 10.6% during the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock worth $13,737,000 after purchasing an additional 32,595 shares during the period. Williamson Legacy Group LLC boosted its position in NiSource by 138.7% during the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock worth $1,199,000 after purchasing an additional 17,271 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in NiSource by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock valued at $170,070,000 after purchasing an additional 55,515 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

NI has been the topic of several research reports. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Wells Fargo & Company raised their target price on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. UBS Group boosted their price target on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Mizuho upped their price target on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

NiSource Stock Down 1.0%

NI stock opened at $46.58 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The firm has a 50 day simple moving average of $44.54 and a 200-day simple moving average of $43.12. The company has a market capitalization of $22.29 billion, a P/E ratio of 23.89, a PEG ratio of 3.86 and a beta of 0.64. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.67.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior year, the company posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were paid a $0.30 dividend. This is a boost from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

NiSource Profile

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.