NiSource, Inc $NI Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of NiSource, Inc (NYSE:NI) by 1.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 741,766 shares of the utilities provider’s stock after purchasing an additional 12,664 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of NiSource worth $32,115,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in NI. Country Trust Bank acquired a new stake in NiSource during the second quarter worth approximately $28,000. REAP Financial Group LLC purchased a new stake in shares of NiSource during the 3rd quarter worth approximately $32,000. Quent Capital LLC acquired a new position in shares of NiSource in the 3rd quarter valued at $36,000. Traub Capital Management LLC purchased a new position in shares of NiSource in the 2nd quarter valued at $39,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of NiSource in the 2nd quarter valued at $44,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho boosted their price target on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Citigroup raised their price objective on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. BMO Capital Markets set a $50.00 target price on NiSource in a research report on Thursday, February 12th. UBS Group boosted their target price on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NiSource has a consensus rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Stock Performance

Shares of NI opened at $46.62 on Friday. The stock has a market capitalization of $22.31 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.79 and a beta of 0.64. 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, Inc has a 1 year low of $35.64 and a 1 year high of $47.67. The company’s fifty day moving average is $44.73 and its two-hundred day moving average is $43.17.

NiSource (NYSE:NI) last released 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 company had revenue of $1.90 billion during the quarter, compared to analysts’ expectations 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 business earned $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 earnings per share for the current year.

NiSource Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a $0.30 dividend. The ex-dividend date was Tuesday, February 3rd. This is an increase from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s payout ratio is 61.54%.

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.