WINTON GROUP Ltd Buys Shares of 26,641 NiSource, Inc $NI

WINTON GROUP Ltd purchased a new position in NiSource, Inc (NYSE:NI) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 26,641 shares of the utilities provider’s stock, valued at approximately $1,154,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NI. Russell Investments Group Ltd. boosted its position in shares of NiSource by 1.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 741,766 shares of the utilities provider’s stock worth $32,115,000 after purchasing an additional 12,664 shares in the last quarter. Schroder Investment Management Group raised its position in shares of NiSource by 6.5% in the 3rd quarter. Schroder Investment Management Group now owns 1,138,998 shares of the utilities provider’s stock valued at $49,216,000 after purchasing an additional 69,700 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in NiSource during the 3rd quarter worth approximately $302,000. B. Metzler seel. Sohn & Co. AG raised its holdings in shares of NiSource by 4.0% in the third quarter. B. Metzler seel. Sohn & Co. AG now owns 36,307 shares of the utilities provider’s stock worth $1,572,000 after buying an additional 1,405 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of NiSource by 8.8% during the third quarter. Parallel Advisors LLC now owns 3,448 shares of the utilities provider’s stock worth $149,000 after buying an additional 280 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

NI has been the topic of several research reports. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Wells Fargo & Company upped their target price on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Barclays set a $45.00 target price on NiSource in a report on Monday, December 8th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus target price of $47.20.

NiSource Trading Down 0.7%

Shares of NI stock opened at $46.24 on Thursday. The stock has a 50 day simple moving average of $44.63 and a 200-day simple moving average of $43.14. NiSource, Inc has a 1-year low of $35.64 and a 1-year high of $47.67. The company has a market cap of $22.12 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 3.82 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56.

NiSource (NYSE:NI) last released 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 business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter in the previous year, the company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts expect that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 3rd. This is a boost from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 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.