Wealth High Governance Capital Ltda Takes $7.79 Million Position in NiSource, Inc $NI

Wealth High Governance Capital Ltda bought a new position in shares of NiSource, Inc (NYSE:NI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 180,000 shares of the utilities provider’s stock, valued at approximately $7,794,000. NiSource accounts for about 2.2% of Wealth High Governance Capital Ltda’s holdings, making the stock its 18th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Orion Porfolio Solutions LLC raised its holdings in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the period. Norges Bank bought a new stake in shares of NiSource during the second quarter worth approximately $296,543,000. ANTIPODES PARTNERS Ltd bought a new stake in shares of NiSource during the third quarter worth approximately $84,086,000. Soroban Capital Partners LP grew its position in shares of NiSource by 52.0% in the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider’s stock valued at $178,877,000 after purchasing an additional 1,516,296 shares during the last quarter. Finally, Reaves W H & Co. Inc. increased its stake in shares of NiSource by 34.6% during the third quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider’s stock worth $216,918,000 after purchasing an additional 1,287,745 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

NYSE:NI traded up $0.85 during trading hours on Friday, reaching $47.54. 649,835 shares of the company were exchanged, compared to its average volume of 4,204,493. The company has a market capitalization of $22.75 billion, a P/E ratio of 24.38, a P/E/G ratio of 3.79 and a beta of 0.64. NiSource, Inc has a 1-year low of $35.64 and a 1-year high of $47.70. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The business has a 50 day moving average of $44.73 and a 200 day moving average of $43.17.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 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 analyst estimates of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same quarter last year, the company earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

The business also recently declared 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 dividend yield of 2.5%. NiSource’s dividend payout ratio (DPR) is 61.54%.

Analyst Upgrades and Downgrades

NI has been the subject of several research reports. BMO Capital Markets set a $50.00 price target on NiSource in a report on Thursday, February 12th. UBS Group increased their price objective on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Barclays set a $45.00 target price on shares of NiSource in a research report on Monday, December 8th. Finally, Mizuho upped their price target on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average target price of $47.20.

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.