UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in NiSource, Inc $NI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of NiSource, Inc (NYSE:NI) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,381,989 shares of the utilities provider’s stock after purchasing an additional 183,321 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of NiSource worth $208,364,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC boosted its holdings in NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after buying an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after buying an additional 225 shares in the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 240 shares during the period. Prosperity Consulting Group LLC raised its holdings in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after acquiring an additional 246 shares during the period. Finally, World Investment Advisors lifted its position in shares of NiSource by 3.2% in the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock valued at $308,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NI has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. LADENBURG THALM/SH SH decreased their target price on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. BMO Capital Markets lowered their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Barclays dropped their price target on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Finally, Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and a consensus target price of $49.64.

NiSource Stock Performance

Shares of NYSE:NI opened at $40.91 on Tuesday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The stock has a market capitalization of $19.62 billion, a P/E ratio of 21.76, a PEG ratio of 3.02 and a beta of 0.55. The firm has a fifty day simple moving average of $44.69 and a two-hundred day simple moving average of $46.13. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period in the previous year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.37% of the stock is owned by insiders.

NiSource Company 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.