Y Intercept Hong Kong Ltd Boosts Stake in NiSource, Inc $NI

Y Intercept Hong Kong Ltd raised its stake in shares of NiSource, Inc (NYSE:NI) by 175.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 96,966 shares of the utilities provider’s stock after buying an additional 61,787 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in NiSource were worth $4,524,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NI. Strive Financial Group LLC acquired a new position in shares of NiSource in the fourth quarter worth $26,000. Zions Bancorporation National Association UT boosted its stake in shares of NiSource by 113.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource during the fourth quarter valued at $27,000. DV Equities LLC purchased a new stake in NiSource during the 4th quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in NiSource during the 4th quarter worth about $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 0.3%

Shares of NYSE:NI opened at $47.70 on Monday. The stock has a 50-day simple moving average of $47.23 and a 200-day simple moving average of $45.79. The stock has a market capitalization of $22.87 billion, a P/E ratio of 23.73, a PEG ratio of 3.82 and a beta of 0.55. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter last year, the firm posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st 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 Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Insiders Place Their Bets

In related news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the sale, the executive vice president directly owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This trade represents a 7.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,500 shares of company stock worth $1,305,675. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

NI has been the topic of a number of recent research reports. Citigroup upped their target price on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Barclays upped their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

About NiSource

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.