Y Intercept Hong Kong Ltd Takes $1.54 Million Position in NiSource, Inc $NI

Y Intercept Hong Kong Ltd acquired a new position in NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,219 shares of the utilities provider’s stock, valued at approximately $1,542,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of NiSource by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after acquiring an additional 3,050,420 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in NiSource by 12.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock worth $962,997,000 after purchasing an additional 2,650,827 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NiSource by 88.9% in the first quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after purchasing an additional 2,605,923 shares during the period. Alkeon Capital Management LLC acquired a new stake in shares of NiSource in the first quarter worth $98,682,000. Finally, Nuveen LLC acquired a new stake in shares of NiSource in the first quarter worth $71,839,000. 91.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NI shares. Evercore ISI upped their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday. Barclays boosted their price objective on shares of NiSource from $44.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wall Street Zen upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. Finally, Zacks Research raised NiSource to a “hold” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.78.

NiSource Stock Up 0.1%

NYSE NI opened at $42.18 on Friday. The firm has a market cap of $19.86 billion, a PE ratio of 22.31, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. NiSource, Inc has a one year low of $34.23 and a one year high of $44.88. The stock’s 50 day simple moving average is $42.29 and its 200 day simple moving average is $40.91. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $983.25 million. NiSource had a return on equity of 8.09% and a net margin of 14.15%.During the same period in the prior year, the company earned $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. As a group, sell-side analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend 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 Company 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.