Schroder Investment Management Group Has $49.22 Million Holdings in NiSource, Inc $NI

Schroder Investment Management Group raised its position in shares of NiSource, Inc (NYSE:NI) by 6.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,138,998 shares of the utilities provider’s stock after acquiring an additional 69,700 shares during the period. Schroder Investment Management Group’s holdings in NiSource were worth $49,216,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Country Trust Bank bought a new stake in NiSource during the 2nd quarter worth approximately $28,000. REAP Financial Group LLC bought a new position in NiSource in the 3rd quarter valued at $32,000. Quent Capital LLC acquired a new position in NiSource in the third quarter worth $36,000. Traub Capital Management LLC acquired a new position in NiSource in the second quarter worth $39,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of NiSource during the second quarter worth $44,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NI has been the topic of several research reports. Citigroup upped their price target on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Mizuho increased their price target on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Barclays set a $45.00 price objective on NiSource in a research report on Monday, December 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Stock Down 1.0%

NYSE:NI opened at $46.58 on Wednesday. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.67. The stock has a 50-day moving average price of $44.54 and a two-hundred day moving average price of $43.12. The stock has a market cap of $22.29 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.86 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

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

NiSource Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.30 per share. This is a positive change from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 3rd. NiSource’s payout ratio 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.