Strs Ohio Buys 20,064 Shares of NiSource, Inc $NI

Strs Ohio raised its stake in NiSource, Inc (NYSE:NI) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 945,825 shares of the utilities provider’s stock after purchasing an additional 20,064 shares during the quarter. Strs Ohio owned approximately 0.20% of NiSource worth $38,155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of NiSource by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 60,844,001 shares of the utilities provider’s stock valued at $2,439,236,000 after acquiring an additional 3,050,420 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in NiSource by 12.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 24,020,859 shares of the utilities provider’s stock worth $962,997,000 after purchasing an additional 2,650,827 shares during the period. Jennison Associates LLC grew its holdings in NiSource by 1.4% during the second quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after purchasing an additional 156,958 shares during the period. Goldman Sachs Group Inc. grew its holdings in NiSource by 88.9% during the first quarter. Goldman Sachs Group Inc. now owns 5,535,924 shares of the utilities provider’s stock worth $221,935,000 after purchasing an additional 2,605,923 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of NiSource by 4.7% during the 1st quarter. Northern Trust Corp now owns 4,638,973 shares of the utilities provider’s stock worth $185,976,000 after acquiring an additional 206,448 shares during the period. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NI has been the subject of a number of research analyst reports. Zacks Research raised shares of NiSource to a “hold” rating in a research report on Monday, August 11th. Jefferies Financial Group downgraded shares of NiSource from a “buy” rating to a “hold” rating and reduced their target price for the stock from $48.00 to $44.00 in a report on Friday, September 5th. 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 report on Monday, September 29th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Finally, Evercore ISI boosted their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, NiSource has an average rating of “Moderate Buy” and an average price target of $45.11.

NiSource Trading Down 0.9%

NI opened at $42.08 on Friday. The company has a 50-day simple moving average of $42.30 and a 200 day simple moving average of $40.88. NiSource, Inc has a twelve month low of $34.23 and a twelve month high of $44.88. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $19.82 billion, a price-to-earnings ratio of 22.27, a P/E/G ratio of 3.13 and a beta of 0.60.

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

NiSource Dividend Announcement

The firm also recently disclosed 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. This represents a $1.12 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, October 31st. NiSource’s dividend payout ratio is currently 59.26%.

NiSource 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.