NiSource, Inc $NI Position Decreased by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP lowered its holdings in NiSource, Inc (NYSE:NI) by 7.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 332,662 shares of the utilities provider’s stock after selling 26,273 shares during the period. Hudson Bay Capital Management LP owned about 0.07% of NiSource worth $14,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NI. Tudor Investment Corp ET AL acquired a new position in NiSource in the third quarter worth approximately $11,457,000. Allworth Financial LP lifted its holdings in shares of NiSource by 10.5% during the third quarter. Allworth Financial LP now owns 4,069 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 388 shares during the last quarter. IFP Advisors Inc boosted its position in shares of NiSource by 83.8% in the 3rd quarter. IFP Advisors Inc now owns 2,406 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,097 shares during the period. Swiss Life Asset Management Ltd increased its stake in NiSource by 36.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 70,815 shares of the utilities provider’s stock worth $3,066,000 after purchasing an additional 18,752 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in NiSource by 20.4% during the third quarter. CIBC Private Wealth Group LLC now owns 11,672 shares of the utilities provider’s stock valued at $505,000 after buying an additional 1,977 shares in the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Performance

NI stock opened at $46.66 on Friday. The firm has a 50 day simple moving average of $45.26 and a 200 day simple moving average of $43.33. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $47.96. The stock has a market cap of $22.33 billion, a P/E ratio of 23.93, a P/E/G ratio of 3.82 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 (NYSE:NI) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Wall Street Analyst Weigh In

NI has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Citigroup raised 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 target price on shares of NiSource in a research note on Monday, December 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, UBS Group lifted their price target on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.