Wealth High Governance Capital Ltda Invests $7.79 Million in NiSource, Inc $NI

Wealth High Governance Capital Ltda bought a new position in shares of NiSource, Inc (NYSE:NI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 180,000 shares of the utilities provider’s stock, valued at approximately $7,794,000. NiSource comprises approximately 2.2% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 18th biggest position.

A number of other hedge funds have also added to or reduced their stakes in NI. Tower Bridge Advisors lifted its position in NiSource by 1.1% during the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after buying an additional 232 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of NiSource by 1.7% in the 3rd 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 in the last quarter. Bank of Nova Scotia increased its position in shares of NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares during the last quarter. Parallel Advisors LLC increased its position in shares of NiSource by 8.8% in the third quarter. Parallel Advisors LLC now owns 3,448 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 280 shares during the last quarter. Finally, Shepherd Financial Partners LLC raised its holdings in NiSource by 3.9% during the second quarter. Shepherd Financial Partners LLC now owns 7,656 shares of the utilities provider’s stock worth $309,000 after acquiring an additional 285 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

NiSource stock traded up $0.85 during midday trading on Friday, reaching $47.54. 649,835 shares of the company’s stock were exchanged, compared to its average volume of 4,204,493. The stock’s 50-day simple moving average is $44.73 and its 200 day simple moving average is $43.17. The firm has a market cap of $22.75 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 3.79 and a beta of 0.64. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $47.70.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.20 billion. During the same quarter in the prior year, the company earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts expect that NiSource, Inc will post 1.91 earnings per share 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 paid a $0.30 dividend. This is a boost from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s dividend payout ratio (DPR) is currently 61.54%.

Analyst Ratings Changes

Several brokerages recently commented on NI. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. BMO Capital Markets set a $50.00 price objective on NiSource in a research note on Thursday, February 12th. UBS Group increased their price objective on NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Barclays set a $45.00 target price on shares of NiSource in a report on Monday, December 8th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.20.

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.