Employees Retirement System of Texas Sells 305,833 Shares of NiSource, Inc $NI

Employees Retirement System of Texas reduced its stake in NiSource, Inc (NYSE:NI) by 25.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 893,429 shares of the utilities provider’s stock after selling 305,833 shares during the period. Employees Retirement System of Texas’ holdings in NiSource were worth $38,685,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ANTIPODES PARTNERS Ltd purchased a new stake in shares of NiSource during the third quarter valued at approximately $84,086,000. Magnetar Financial LLC lifted its position in NiSource by 195.5% in the 2nd quarter. Magnetar Financial LLC now owns 182,949 shares of the utilities provider’s stock valued at $7,380,000 after acquiring an additional 121,043 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in NiSource by 10.6% during the 2nd quarter. Picton Mahoney Asset Management now owns 340,504 shares of the utilities provider’s stock valued at $13,737,000 after purchasing an additional 32,595 shares during the last quarter. Williamson Legacy Group LLC increased its holdings in shares of NiSource by 138.7% in the 2nd quarter. Williamson Legacy Group LLC now owns 29,720 shares of the utilities provider’s stock worth $1,199,000 after purchasing an additional 17,271 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of NiSource by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,215,924 shares of the utilities provider’s stock worth $170,070,000 after purchasing an additional 55,515 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 topic of a number of research analyst reports. Citigroup upped their price target on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their target price on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 20th. UBS Group upped their target price on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and an average price target of $47.20.

NiSource Trading Up 0.8%

Shares of NI stock opened at $46.62 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56. The company has a market cap of $22.31 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 3.79 and a beta of 0.64. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.67. The firm has a fifty day moving average price of $44.73 and a 200-day moving average price of $43.17.

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

NiSource Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Tuesday, February 3rd were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. This is an increase from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, February 3rd. NiSource’s dividend payout ratio is 61.54%.

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.