Elo Mutual Pension Insurance Co Boosts Position in NiSource, Inc $NI

Elo Mutual Pension Insurance Co increased its holdings in NiSource, Inc (NYSE:NI) by 49.6% in the third quarter, HoldingsChannel.com reports. The fund owned 68,892 shares of the utilities provider’s stock after acquiring an additional 22,845 shares during the period. Elo Mutual Pension Insurance Co’s holdings in NiSource were worth $2,983,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in shares of NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares during the period. Woodline Partners LP lifted its holdings in NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after buying an additional 11,671 shares during the period. Acadian Asset Management LLC purchased a new stake in NiSource in the first quarter worth about $105,000. World Investment Advisors boosted its position in NiSource by 5.4% during the 2nd quarter. World Investment Advisors now owns 8,684 shares of the utilities provider’s stock valued at $350,000 after acquiring an additional 445 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of NiSource by 19.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 7,474 shares of the utilities provider’s stock worth $302,000 after acquiring an additional 1,211 shares during the period. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NI opened at $46.72 on Wednesday. The firm has a market cap of $22.36 billion, a PE ratio of 23.96, a P/E/G ratio of 3.86 and a beta of 0.64. The stock has a 50-day moving average price of $44.04 and a 200-day moving average price of $42.96. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.62. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.49 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same period in the prior year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts predict that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were paid a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 3rd. This represents a $1.20 annualized dividend and a yield of 2.6%. This is a positive change from NiSource’s previous quarterly dividend of $0.28. NiSource’s dividend payout ratio (DPR) is 61.54%.

Analyst Ratings Changes

NI has been the subject of a number of research analyst reports. Mizuho raised their target price on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. BMO Capital Markets set a $50.00 price objective on NiSource in a research report on Thursday, February 12th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. UBS Group increased their price target 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. Finally, Citigroup lifted their price target on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Nine investment 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, NiSource currently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

About NiSource

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.