Sage Mountain Advisors LLC Invests $471,000 in NiSource, Inc $NI

Sage Mountain Advisors LLC acquired a new position in shares of NiSource, Inc (NYSE:NI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,288 shares of the utilities provider’s stock, valued at approximately $471,000.

Several other large investors also recently modified their holdings of NI. REAP Financial Group LLC acquired a new stake in shares of NiSource during the third quarter worth $32,000. Quent Capital LLC acquired a new stake in shares of NiSource during the third quarter worth $36,000. Heartwood Wealth Advisors LLC acquired a new stake in shares of NiSource during the third quarter worth $48,000. Sentry Investment Management LLC acquired a new stake in shares of NiSource during the third quarter worth $52,000. Finally, MUFG Securities EMEA plc acquired a new stake in shares of NiSource during the second quarter worth $56,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Wells Fargo & Company increased their target price on shares of NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Finally, BMO Capital Markets set a $50.00 target price on shares of NiSource in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $47.64.

NiSource Stock Up 0.7%

Shares of NYSE NI opened at $47.70 on Friday. The firm has a market cap of $22.86 billion, a PE ratio of 24.46, a P/E/G ratio of 3.88 and a beta of 0.61. NiSource, Inc has a 12-month low of $37.22 and a 12-month high of $48.76. The company’s fifty day simple moving average is $46.54 and its 200 day simple moving average is $44.15. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is 61.54%.

NiSource 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.