Moors & Cabot Inc. Sells 7,047 Shares of NiSource, Inc $NI

Moors & Cabot Inc. trimmed its position in shares of NiSource, Inc (NYSE:NI) by 40.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,196 shares of the utilities provider’s stock after selling 7,047 shares during the period. Moors & Cabot Inc.’s holdings in NiSource were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NI. Vanguard Group Inc. lifted its stake in shares of NiSource by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after purchasing an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in NiSource by 12.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock worth $962,997,000 after purchasing an additional 2,650,827 shares in the last quarter. Jennison Associates LLC lifted its position in NiSource by 1.4% during the second quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock valued at $473,381,000 after buying an additional 156,958 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of NiSource by 88.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock valued at $221,935,000 after buying an additional 2,605,923 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of NiSource by 4.7% during the 1st quarter. Northern Trust Corp now owns 4,638,973 shares of the utilities provider’s stock valued at $185,976,000 after buying an additional 206,448 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 1.8%

NI stock opened at $43.53 on Friday. 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, Inc has a 1-year low of $35.09 and a 1-year high of $44.88. The stock has a market capitalization of $20.77 billion, a P/E ratio of 23.03, a P/E/G ratio of 3.13 and a beta of 0.62. The business has a fifty day moving average price of $42.34 and a 200-day moving average price of $41.05.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $1.14 billion for 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 period in the previous year, the business earned $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. Equities analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NI shares. Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Wells Fargo & Company raised shares of NiSource to a “strong-buy” rating in a research note on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Zacks Research upgraded NiSource to a “hold” rating in a research note on Monday, August 11th. Finally, Barclays raised their price objective on NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Company Profile

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.