Strs Ohio Boosts Holdings in NiSource, Inc $NI

Strs Ohio increased its stake in shares of NiSource, Inc (NYSE:NI) by 2.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 945,825 shares of the utilities provider’s stock after buying an additional 20,064 shares during the quarter. Strs Ohio’s holdings in NiSource were worth $38,155,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Crewe Advisors LLC increased its stake in shares of NiSource by 90.7% during the 2nd quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 304 shares during the last quarter. Hantz Financial Services Inc. increased its position in NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in NiSource in the 2nd quarter worth about $32,000. Larson Financial Group LLC increased its holdings in NiSource by 48.8% in the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 266 shares during the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in shares of NiSource in the second quarter worth about $40,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NI shares. Barclays lifted their target price on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Zacks Research upgraded NiSource to a “hold” rating in a research report on Monday, August 11th. BMO Capital Markets boosted their price objective on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. Wells Fargo & Company upgraded NiSource to a “strong-buy” rating in a research report on Tuesday. Finally, Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $45.11.

NiSource Price Performance

Shares of NiSource stock opened at $42.08 on Friday. NiSource, Inc has a 52-week low of $34.23 and a 52-week high of $44.88. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 22.27, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. The company has a fifty day moving average of $42.30 and a 200-day moving average of $40.88. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts expect 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 Thursday, November 20th. Investors of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, October 31st. This represents a $1.12 annualized dividend and a yield of 2.7%. NiSource’s dividend payout ratio is currently 59.26%.

NiSource Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.