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

Tema Etfs LLC raised its stake in NiSource, Inc (NYSE:NI) by 83.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 250,840 shares of the utilities provider’s stock after buying an additional 114,220 shares during the quarter. NiSource comprises 0.8% of Tema Etfs LLC’s investment portfolio, making the stock its 28th largest position. Tema Etfs LLC’s holdings in NiSource were worth $10,475,000 at the end of the most recent quarter.

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

NiSource Trading Up 0.7%

Shares of NiSource stock opened at $46.98 on Thursday. The firm has a market cap of $22.48 billion, a PE ratio of 24.09, a P/E/G ratio of 3.83 and a beta of 0.64. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The stock has a fifty day moving average price of $45.75 and a 200-day moving average price of $43.66.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same period in the previous year, the firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Thursday, April 30th. NiSource’s payout ratio is presently 61.54%.

Analyst Ratings Changes

Several brokerages have recently commented on NI. BMO Capital Markets set a $50.00 target price on shares of NiSource in a report on Thursday, February 12th. Citigroup upped their price objective 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 objective 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. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Friday, March 27th. Finally, KeyCorp assumed coverage on NiSource in a research note on Tuesday. They issued an “overweight” rating and a $52.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

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.