Hudson Bay Capital Management LP Has $14.40 Million Stake in NiSource, Inc $NI

Hudson Bay Capital Management LP decreased its position in NiSource, Inc (NYSE:NI) by 7.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 332,662 shares of the utilities provider’s stock after selling 26,273 shares during the quarter. Hudson Bay Capital Management LP’s holdings in NiSource were worth $14,404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NI. Orion Porfolio Solutions LLC lifted its stake in NiSource by 55,625.2% in 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. Norges Bank acquired a new position in shares of NiSource during the 2nd quarter worth $296,543,000. Millennium Management LLC increased its stake in shares of NiSource by 2,288.8% during the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of NiSource during the 3rd quarter valued at $84,086,000. Finally, Soroban Capital Partners LP raised its holdings in shares of NiSource by 52.0% during the 2nd quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock valued at $178,877,000 after purchasing an additional 1,516,296 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on NI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Mizuho raised 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. BMO Capital Markets set a $50.00 price target on NiSource in a research report on Thursday, February 12th. Wells Fargo & Company upped their price target on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

NiSource Price Performance

NYSE NI opened at $46.66 on Friday. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96. The company has a fifty day simple moving average of $45.26 and a 200 day simple moving average of $43.33. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The company has a market cap of $22.33 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.82 and a beta of 0.64.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm 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 quarter last year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

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 paid a $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. 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.