Employees Retirement System of Texas Reduces Stock Position in NiSource, Inc $NI

Employees Retirement System of Texas lessened its position in NiSource, Inc (NYSE:NI) by 25.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 893,429 shares of the utilities provider’s stock after selling 305,833 shares during the period. Employees Retirement System of Texas owned 0.19% of NiSource worth $38,685,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of NiSource by 1.0% during the second quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider’s stock worth $2,477,766,000 after purchasing an additional 578,061 shares during the period. State Street Corp raised its position in NiSource by 4.1% during the 2nd quarter. State Street Corp now owns 24,726,001 shares of the utilities provider’s stock valued at $997,447,000 after purchasing an additional 965,718 shares during the last quarter. Orion Porfolio Solutions LLC lifted its holdings in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the period. Geode Capital Management LLC grew its position in shares of NiSource by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider’s stock worth $491,850,000 after buying an additional 124,868 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock valued at $367,852,000 after buying an additional 183,203 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NiSource stock opened at $46.62 on Friday. The business has a fifty day simple moving average of $44.73 and a two-hundred day simple moving average of $43.17. The firm has a market capitalization of $22.31 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.79 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 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 $47.67.

NiSource (NYSE:NI) last issued 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. 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 period last year, the company posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were given a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from NiSource’s previous quarterly dividend of $0.28. NiSource’s payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Citigroup boosted their price objective 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. UBS Group upped their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Wells Fargo & Company boosted their price target on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average target price 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.