HF Advisory Group LLC Raises Stock Holdings in NiSource, Inc $NI

HF Advisory Group LLC boosted its position in NiSource, Inc (NYSE:NI) by 31.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 71,782 shares of the utilities provider’s stock after buying an additional 17,204 shares during the quarter. HF Advisory Group LLC’s holdings in NiSource were worth $2,998,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NI. REAP Financial Group LLC purchased a new stake in shares of NiSource in the 3rd quarter worth about $32,000. Quent Capital LLC purchased a new position in NiSource during the 3rd quarter valued at about $36,000. CYBER HORNET ETFs LLC bought a new stake in NiSource during the second quarter worth about $44,000. Heartwood Wealth Advisors LLC bought a new stake in NiSource during the third quarter worth about $48,000. Finally, Sentry Investment Management LLC purchased a new stake in NiSource in the third quarter worth about $52,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Mizuho lifted their target price on shares of NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Wells Fargo & Company upped their price target on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Friday, March 27th. BMO Capital Markets set a $50.00 price objective on NiSource in a research note on Thursday, February 12th. Finally, Barclays set a $45.00 target price on NiSource in a research note on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.64.

NiSource Price Performance

Shares of NYSE:NI opened at $46.98 on Thursday. 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 firm has a market cap of $22.48 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. The business has a 50-day simple moving average of $45.75 and a two-hundred day simple moving average of $43.66. NiSource, Inc has a fifty-two week low of $35.64 and a fifty-two week high of $47.96.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the firm 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource’s payout ratio is 61.54%.

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.