Union Bancaire Privee UBP SA Grows Position in NiSource, Inc $NI

Union Bancaire Privee UBP SA boosted its position in shares of NiSource, Inc (NYSE:NI) by 85.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,272 shares of the utilities provider’s stock after buying an additional 14,842 shares during the period. Union Bancaire Privee UBP SA’s holdings in NiSource were worth $1,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of NiSource by 4.8% during the fourth quarter. GAMMA Investing LLC now owns 26,398 shares of the utilities provider’s stock worth $1,102,000 after acquiring an additional 1,202 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of NiSource in the 3rd quarter valued at $11,457,000. Allworth Financial LP raised its position in NiSource by 10.5% in the 3rd 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 stake in NiSource by 83.8% during the 3rd quarter. IFP Advisors Inc now owns 2,406 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 1,097 shares during the period. Finally, Swiss Life Asset Management Ltd boosted its stake in NiSource by 36.0% during 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 during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NI opened at $45.03 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. The stock has a market capitalization of $21.55 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.69 and a beta of 0.64. The company’s fifty day moving average is $45.32 and its two-hundred day moving average is $43.36. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96.

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

NiSource Announces Dividend

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 $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Analyst Upgrades and Downgrades

A number of research firms have commented on NI. Barclays set a $45.00 price objective on shares of NiSource in a research note on Monday, December 8th. UBS Group increased their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, Mizuho upped their price objective on 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average 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.