NiSource, Inc $NI Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. lessened its position in NiSource, Inc (NYSE:NI) by 70.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,719 shares of the utilities provider’s stock after selling 35,676 shares during the period. Machina Capital S.A.S.’s holdings in NiSource were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NI. Cullen Frost Bankers Inc. raised its position in NiSource by 181.7% during the second quarter. Cullen Frost Bankers Inc. now owns 1,459 shares of the utilities provider’s stock worth $59,000 after acquiring an additional 941 shares during the last quarter. LPL Financial LLC raised its position in NiSource by 29.9% during the first quarter. LPL Financial LLC now owns 234,234 shares of the utilities provider’s stock worth $9,390,000 after acquiring an additional 53,972 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in NiSource by 90.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,394 shares of the utilities provider’s stock worth $3,223,000 after acquiring an additional 38,237 shares during the last quarter. Nordea Investment Management AB raised its position in NiSource by 3.9% during the second quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock worth $866,000 after acquiring an additional 820 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in NiSource by 179.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 60,375 shares of the utilities provider’s stock worth $2,419,000 after acquiring an additional 38,760 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NYSE NI opened at $42.56 on Tuesday. The company has a market cap of $20.31 billion, a PE ratio of 22.52, a price-to-earnings-growth ratio of 3.13 and a beta of 0.60. NiSource, Inc has a 12 month low of $34.23 and a 12 month 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. The company has a 50-day simple moving average of $42.28 and a 200-day simple moving average of $40.95.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $983.25 million. During the same period last 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, equities analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Friday, October 31st will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio is 59.26%.

Analysts Set New Price Targets

NI has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $50.00 in a report on Friday. Finally, Zacks Research upgraded shares of NiSource to a “hold” rating in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus 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.