HighTower Advisors LLC Has $3.15 Million Stake in NiSource, Inc $NI

HighTower Advisors LLC lifted its position in shares of NiSource, Inc (NYSE:NI) by 27.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,817 shares of the utilities provider’s stock after buying an additional 15,783 shares during the quarter. HighTower Advisors LLC’s holdings in NiSource were worth $3,153,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after acquiring an additional 11,452 shares during the period. Woodline Partners LP lifted its stake in shares of NiSource by 41.6% in the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 11,671 shares during the period. Acadian Asset Management LLC bought a new stake in shares of NiSource during the 1st quarter valued at about $105,000. Ethic Inc. grew its stake in NiSource by 27.8% during the second quarter. Ethic Inc. now owns 8,499 shares of the utilities provider’s stock worth $340,000 after purchasing an additional 1,851 shares during the period. Finally, Brighton Jones LLC grew its stake in NiSource by 15.3% during the second quarter. Brighton Jones LLC now owns 5,816 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 772 shares during the period. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Mizuho increased their price target on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Wells Fargo & Company increased their target price on shares of NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Evercore raised their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, UBS Group raised their target price on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.20.

NiSource Trading Up 0.3%

NYSE NI opened at $46.69 on Friday. The firm has a market capitalization of $22.34 billion, a P/E ratio of 23.94, a PEG ratio of 3.81 and a beta of 0.65. The business has a fifty day simple moving average of $43.70 and a 200 day simple moving average of $42.85. NiSource, Inc has a 12 month low of $35.64 and a 12 month high of $47.05. 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 (NYSE:NI) last posted its quarterly earnings data 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 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. On average, analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 3rd. This is a positive change from NiSource’s previous quarterly dividend of $0.28. 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.