JPMorgan Chase & Co. Purchases 183,203 Shares of NiSource, Inc $NI

JPMorgan Chase & Co. boosted its position in NiSource, Inc (NYSE:NI) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,495,320 shares of the utilities provider’s stock after purchasing an additional 183,203 shares during the period. JPMorgan Chase & Co.’s holdings in NiSource were worth $367,852,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in shares of NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the last quarter. Country Trust Bank acquired a new stake in NiSource during the 2nd quarter worth approximately $28,000. REAP Financial Group LLC bought a new stake in NiSource during the 3rd quarter worth approximately $32,000. Quent Capital LLC acquired a new position in NiSource in the 3rd quarter valued at approximately $36,000. Finally, Traub Capital Management LLC acquired a new position in NiSource in the 2nd quarter valued at approximately $39,000. 91.64% of the stock is currently owned by institutional investors.

Insider Transactions at NiSource

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $43.13, for a total value of $345,040.00. Following the completion of the sale, the executive vice president owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company’s stock.

NiSource Stock Performance

NYSE:NI opened at $45.32 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. NiSource, Inc has a twelve month low of $35.64 and a twelve month high of $47.05. The company has a fifty day moving average of $43.12 and a 200-day moving average of $42.70. The firm has a market capitalization of $21.69 billion, a P/E ratio of 23.24, a P/E/G ratio of 3.83 and a beta of 0.65.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the company posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Tuesday, February 3rd will be paid a dividend of $0.30 per share. This is an increase from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

Analysts Set New Price Targets

Several brokerages recently weighed in on NI. Citigroup boosted their price objective on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Barclays set a $45.00 price target on NiSource in a research note on Monday, December 8th. Evercore lifted their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, BMO Capital Markets set a $50.00 price target on shares of NiSource in a research report on Thursday, February 12th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Company 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.