Oak Thistle LLC Has $2.83 Million Stock Position in NiSource, Inc $NI

Oak Thistle LLC raised its stake in NiSource, Inc (NYSE:NI) by 88.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,854 shares of the utilities provider’s stock after buying an additional 31,934 shares during the period. Oak Thistle LLC’s holdings in NiSource were worth $2,834,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd bought a new position in shares of NiSource during the third quarter valued at $84,086,000. Capital International Investors raised its stake in shares of NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after acquiring an additional 1,065,591 shares during the last quarter. Alkeon Capital Management LLC raised its stake in shares of NiSource by 21.0% during the third quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock valued at $134,252,000 after acquiring an additional 539,000 shares during the last quarter. Inspire Advisors LLC bought a new position in shares of NiSource during the third quarter valued at $1,113,000. Finally, Drake & Associates LLC bought a new position in shares of NiSource during the third quarter valued at $2,413,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Citigroup lifted their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. BMO Capital Markets set a $50.00 price target on NiSource in a research note on Thursday, February 12th. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.64.

NiSource Price Performance

Shares of NYSE NI opened at $47.60 on Wednesday. The firm’s 50-day moving average price is $46.04 and its 200-day moving average price is $43.89. NiSource, Inc has a 1-year low of $35.68 and a 1-year high of $47.96. The firm has a market capitalization of $22.82 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.89 and a beta of 0.61. 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 issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same period last year, the company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

NiSource Company 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.