HF Advisory Group LLC Boosts Stake in NiSource, Inc $NI

HF Advisory Group LLC lifted its stake in shares of NiSource, Inc (NYSE:NI) by 31.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 71,782 shares of the utilities provider’s stock after acquiring an additional 17,204 shares during the period. HF Advisory Group LLC’s holdings in NiSource were worth $2,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ANTIPODES PARTNERS Ltd purchased a new position in shares of NiSource during the 3rd quarter valued at about $84,086,000. Capital International Investors boosted its stake in NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares in the last quarter. Inspire Advisors LLC purchased a new stake in NiSource in the third quarter worth approximately $1,113,000. Drake & Associates LLC bought a new position in NiSource during the third quarter valued at approximately $2,413,000. Finally, Alkeon Capital Management LLC grew its position in 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. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NI shares. Citigroup boosted their price objective on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Mizuho increased their target price on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Friday, March 27th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, BMO Capital Markets set a $50.00 price target on shares of NiSource in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average target price of $47.64.

NiSource Stock Up 0.7%

Shares of NYSE NI opened at $46.98 on Thursday. 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, Inc has a 12 month low of $35.64 and a 12 month high of $47.96. The firm has a market capitalization of $22.48 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. The firm has a fifty day simple moving average of $45.75 and a two-hundred day simple moving average of $43.66.

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

NiSource Announces Dividend

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