Union Bancaire Privee UBP SA Raises Holdings in NiSource, Inc $NI

Union Bancaire Privee UBP SA grew its holdings in NiSource, Inc (NYSE:NI) by 85.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,272 shares of the utilities provider’s stock after buying an additional 14,842 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in NiSource were worth $1,348,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of NI. Country Trust Bank acquired a new position in NiSource during the second quarter worth $28,000. REAP Financial Group LLC acquired a new stake in NiSource in the third quarter valued at $32,000. Quent Capital LLC acquired a new stake in NiSource in the third quarter valued at $36,000. CYBER HORNET ETFs LLC purchased a new stake in shares of NiSource during the 2nd quarter worth $44,000. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of NiSource during the 3rd quarter worth $48,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on NI. BMO Capital Markets set a $50.00 price target on shares of NiSource in a report on Thursday, February 12th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Citigroup upped their target price on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Finally, Wells Fargo & Company lifted their price target on shares of NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.20.

NiSource Trading Down 3.6%

Shares of NiSource stock opened at $45.03 on Friday. NiSource, Inc has a 1 year low of $35.64 and a 1 year high of $47.96. 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 business has a 50 day moving average price of $45.32 and a 200 day moving average price of $43.36. The company has a market capitalization of $21.55 billion, a P/E ratio of 23.09, a P/E/G ratio of 3.69 and a beta of 0.64.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the business posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $1.20 annualized dividend and a yield of 2.7%. NiSource’s payout ratio is presently 61.54%.

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.