Picton Mahoney Asset Management Has $11.72 Million Stake in NiSource, Inc $NI

Picton Mahoney Asset Management lowered its position in shares of NiSource, Inc (NYSE:NI) by 20.5% during the third quarter, HoldingsChannel reports. The fund owned 270,621 shares of the utilities provider’s stock after selling 69,883 shares during the quarter. Picton Mahoney Asset Management’s holdings in NiSource were worth $11,719,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NI. Verdence Capital Advisors LLC boosted its stake in shares of NiSource by 1.7% during the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock valued at $626,000 after purchasing an additional 245 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its holdings in NiSource by 4.5% in the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 5,750 shares of the utilities provider’s stock valued at $232,000 after buying an additional 250 shares during the last quarter. Bank of Nova Scotia boosted its position in NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after buying an additional 266 shares during the period. Shepherd Financial Partners LLC grew its holdings in NiSource by 3.9% during the 2nd quarter. Shepherd Financial Partners LLC now owns 7,656 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 285 shares during the last quarter. Finally, 1834 Investment Advisors Co. increased its position in NiSource by 1.4% in the 3rd quarter. 1834 Investment Advisors Co. now owns 23,895 shares of the utilities provider’s stock valued at $1,035,000 after acquiring an additional 330 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NI shares. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Barclays set a $45.00 target price on NiSource in a research report on Monday, December 8th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. 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. Finally, Mizuho upped their target price on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, NiSource currently has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Price Performance

Shares of NI opened at $47.59 on Thursday. The firm has a market cap of $22.77 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $47.67. The business’s 50 day moving average price is $44.15 and its two-hundred day moving average price is $42.99. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69.

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. The company had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. 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. On average, equities analysts anticipate that NiSource, Inc will post 1.91 EPS 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 boost from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s payout ratio is currently 61.54%.

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.