Y Intercept Hong Kong Ltd Invests $1.54 Million in NiSource, Inc $NI

Y Intercept Hong Kong Ltd bought a new stake in shares of NiSource, Inc (NYSE:NI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,219 shares of the utilities provider’s stock, valued at approximately $1,542,000.

Other large investors have also recently added to or reduced their stakes in the company. Crewe Advisors LLC increased its holdings in shares of NiSource by 90.7% in the second quarter. Crewe Advisors LLC now owns 639 shares of the utilities provider’s stock valued at $26,000 after buying an additional 304 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of NiSource in the 2nd quarter worth $32,000. Larson Financial Group LLC raised its position in shares of NiSource by 48.8% during the first quarter. Larson Financial Group LLC now owns 811 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 266 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of NiSource during the second quarter valued at $40,000. Finally, Brooklyn Investment Group boosted its position in shares of NiSource by 57.3% in the 1st quarter. Brooklyn Investment Group now owns 1,370 shares of the utilities provider’s stock valued at $55,000 after purchasing an additional 499 shares during the period. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NI. Wall Street Zen upgraded NiSource from a “sell” rating to a “hold” rating in a report on Saturday. Barclays boosted their price target on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Wednesday, October 8th. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a research note on Friday. Finally, Evercore ISI raised their target price on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $45.78.

NiSource Stock Performance

Shares of NI opened at $42.18 on Friday. The company has a market capitalization of $19.86 billion, a PE ratio of 22.31, a PEG ratio of 3.13 and a beta of 0.60. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.48 and a current ratio of 0.52. The company’s 50 day moving average price is $42.29 and its 200 day moving average price is $40.91. NiSource, Inc has a 52 week low of $34.23 and a 52 week high of $44.88.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $983.25 million. During the same period last year, the business earned $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. Research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.7%. NiSource’s dividend payout ratio (DPR) is 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.