UBS Group AG Purchases 1,207,987 Shares of NiSource, Inc $NI

UBS Group AG lifted its position in NiSource, Inc (NYSE:NI) by 32.9% during the 4th quarter, HoldingsChannel reports. The firm owned 4,875,267 shares of the utilities provider’s stock after buying an additional 1,207,987 shares during the period. UBS Group AG’s holdings in NiSource were worth $203,591,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NI. Tower Bridge Advisors increased its stake in NiSource by 1.1% in the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after acquiring an additional 232 shares during the last quarter. Advisory Services Network LLC increased its stake in NiSource by 1.6% in the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after acquiring an additional 234 shares during the last quarter. Choreo LLC increased its stake in NiSource by 2.7% in the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 234 shares during the last quarter. Verdence Capital Advisors LLC increased its stake in NiSource by 1.7% in the third quarter. Verdence Capital Advisors LLC now owns 14,319 shares of the utilities provider’s stock valued at $626,000 after acquiring an additional 245 shares during the last quarter. Finally, Prosperity Consulting Group LLC increased its stake in NiSource by 1.1% in 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 last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 0.5%

Shares of NYSE:NI opened at $48.25 on Thursday. The stock’s 50-day moving average price is $47.00 and its 200-day moving average price is $44.43. NiSource, Inc has a 12-month low of $37.22 and a 12-month high of $48.83. The stock has a market capitalization of $23.13 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 3.86 and a beta of 0.61. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. NiSource had a return on equity of 8.07% and a net margin of 13.99%.The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.30 per share. 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 Thursday, April 30th. NiSource’s dividend payout ratio (DPR) is 61.54%.

Analyst Upgrades and Downgrades

NI has been the topic of a number of research analyst reports. KeyCorp initiated coverage on NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Wall Street Zen raised NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, April 4th. Citigroup increased their target price on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, February 12th. Barclays increased their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $51.00 price objective on shares of NiSource in a research note on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $48.80.

NiSource 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.