Rhumbline Advisers Acquires 23,901 Shares of NiSource, Inc $NI

Rhumbline Advisers increased its holdings in shares of NiSource, Inc (NYSE:NI) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,008,034 shares of the utilities provider’s stock after acquiring an additional 23,901 shares during the quarter. Rhumbline Advisers owned about 0.21% of NiSource worth $43,648,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Crewe Advisors LLC grew its position 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 in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of NiSource by 2,668.0% in the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock valued at $28,000 after buying an additional 667 shares during the period. Country Trust Bank acquired a new stake in NiSource during the second quarter worth approximately $28,000. REAP Financial Group LLC bought a new position in NiSource during the 3rd quarter worth $32,000. Finally, Quent Capital LLC acquired a new position in NiSource in the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

NI stock opened at $46.34 on Friday. The firm has a market cap of $22.18 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 3.71 and a beta of 0.65. The company has a quick ratio of 0.39, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. NiSource, Inc has a 12-month low of $35.64 and a 12-month high of $46.40. The company’s fifty day simple moving average is $42.83 and its 200 day simple moving average is $42.62.

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

NiSource Increases Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, February 3rd. NiSource’s payout ratio is 63.49%.

Insiders Place Their Bets

In other NiSource news, EVP Kimberly S. Cuccia sold 8,000 shares of the business’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 transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on NI. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. BMO Capital Markets set a $50.00 price objective on shares of NiSource in a research report on Thursday. Jefferies Financial Group upgraded NiSource from a “hold” rating to a “buy” rating and increased their target price for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Mizuho raised 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. Finally, Citigroup lifted their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, NiSource has a consensus 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.