NEOS Investment Management LLC Has $7.78 Million Position in NiSource, Inc $NI

NEOS Investment Management LLC raised its position in NiSource, Inc (NYSE:NI) by 61.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 179,632 shares of the utilities provider’s stock after buying an additional 68,291 shares during the period. NEOS Investment Management LLC’s holdings in NiSource were worth $7,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in NiSource by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock valued at $2,477,766,000 after buying an additional 578,061 shares during the last quarter. State Street Corp increased its position in NiSource by 4.1% in the 2nd quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock valued at $997,447,000 after acquiring an additional 965,718 shares during the period. Orion Porfolio Solutions LLC raised its stake in shares of NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NiSource by 1.0% during the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock worth $491,850,000 after purchasing an additional 124,868 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of NiSource by 1.4% in the second quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after purchasing an additional 156,958 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on NI shares. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. UBS Group raised their price objective on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. BMO Capital Markets set a $50.00 target price on shares of NiSource in a research report on Thursday, February 12th. Finally, Evercore boosted their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.20.

NiSource Trading Down 3.0%

NYSE NI opened at $45.32 on Thursday. The stock has a market capitalization of $21.69 billion, a P/E ratio of 23.24, a P/E/G ratio of 3.83 and a beta of 0.65. The business has a 50 day simple moving average of $43.12 and a 200 day simple moving average of $42.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. NiSource, Inc has a one year low of $35.64 and a one year high of $47.05.

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, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the prior year, the business earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts expect that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. This is an increase from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, February 3rd. NiSource’s payout ratio is presently 61.54%.

Insider Buying and Selling at NiSource

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president owned 41,247 shares of the company’s stock, valued at $1,778,983.11. This represents a 16.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.24% of the company’s stock.

About NiSource

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.