Keystone Financial Services Makes New Investment in NiSource, Inc $NI

Keystone Financial Services bought a new stake in NiSource, Inc (NYSE:NI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,137 shares of the utilities provider’s stock, valued at approximately $207,000.

Other large investors have also recently made changes to their positions in the company. Crewe Advisors LLC raised its position in NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 304 shares during the period. Hantz Financial Services Inc. increased its stake in NiSource by 2,668.0% during the second quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of NiSource in the second quarter valued at approximately $32,000. Larson Financial Group LLC boosted its stake in shares of NiSource by 48.8% in the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 266 shares during the period. Finally, GHP Investment Advisors Inc. grew its holdings in shares of NiSource by 116.7% in the second quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 525 shares in the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

NiSource Stock Up 1.8%

Shares of NYSE NI opened at $43.53 on Friday. The business has a 50-day moving average of $42.34 and a two-hundred day moving average of $41.04. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 1 year low of $35.09 and a 1 year high of $44.88. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $983.25 million. NiSource had a net margin of 14.15% and a return on equity of 8.09%. During the same quarter in the previous year, the company posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. On average, analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 59.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NI shares. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and raised their price target for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Evercore ISI lifted their target price on NiSource from $46.00 to $47.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Wells Fargo & Company raised NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.78.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.