Tema Etfs LLC Acquires 114,220 Shares of NiSource, Inc $NI

Tema Etfs LLC boosted its holdings in shares of NiSource, Inc (NYSE:NI) by 83.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 250,840 shares of the utilities provider’s stock after acquiring an additional 114,220 shares during the quarter. NiSource accounts for about 0.8% of Tema Etfs LLC’s portfolio, making the stock its 28th largest position. Tema Etfs LLC owned 0.05% of NiSource worth $10,475,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NI. NewEdge Advisors LLC increased its stake in shares of NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after buying an additional 11,452 shares during the period. Woodline Partners LP lifted its stake in shares of NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 11,671 shares during the period. Acadian Asset Management LLC acquired a new position in shares of NiSource in the first quarter worth approximately $105,000. Steward Partners Investment Advisory LLC raised its holdings in NiSource by 16.4% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,260 shares of the utilities provider’s stock worth $132,000 after purchasing an additional 459 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in NiSource by 5.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 8,001 shares of the utilities provider’s stock worth $323,000 after purchasing an additional 390 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NI has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. UBS Group lifted their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, BMO Capital Markets set a $50.00 price objective on shares of NiSource in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.64.

NiSource Price Performance

Shares of NYSE:NI opened at $46.98 on Thursday. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.96. The stock’s 50 day moving average is $45.75 and its 200-day moving average is $43.66. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.83 and a beta of 0.64.

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 business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s payout ratio is presently 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.