Quaero Capital S.A. Invests $293,000 in NiSource, Inc $NI

Quaero Capital S.A. purchased a new position in shares of NiSource, Inc (NYSE:NI) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 7,267 shares of the utilities provider’s stock, valued at approximately $293,000.

Several other institutional investors have also modified their holdings of NI. Crewe Advisors LLC boosted its position in NiSource by 90.7% during the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 304 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after buying an additional 667 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of NiSource in the 2nd quarter worth about $32,000. Larson Financial Group LLC boosted its position in shares of NiSource by 48.8% in the 1st quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after buying an additional 266 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted 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. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NI stock opened at $42.87 on Thursday. The firm has a market cap of $20.46 billion, a P/E ratio of 22.68, a PEG ratio of 3.13 and a beta of 0.62. NiSource, Inc has a 1-year low of $34.82 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. The firm’s 50-day simple moving average is $42.30 and its 200-day simple moving average is $40.99.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 8.09% and a net margin of 14.15%.During the same quarter in the previous year, the company earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. As a group, equities analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Evercore ISI raised their price target on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday, October 30th. Jefferies Financial Group raised NiSource from a “hold” rating to a “buy” rating and boosted their price target for the stock from $46.00 to $50.00 in a report on Friday, October 31st. Barclays upped 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. Finally, Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NiSource currently 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.