1,941,792 Shares in NiSource, Inc $NI Bought by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd purchased a new stake in shares of NiSource, Inc (NYSE:NI) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,941,792 shares of the utilities provider’s stock, valued at approximately $84,086,000. NiSource accounts for 1.9% of ANTIPODES PARTNERS Ltd’s holdings, making the stock its 23rd biggest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after buying an additional 11,452 shares during the period. Woodline Partners LP boosted its stake in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 11,671 shares during the last quarter. Acadian Asset Management LLC bought a new stake in NiSource during the first quarter valued at about $105,000. Allianz Asset Management GmbH purchased a new position in shares of NiSource during the 2nd quarter valued at about $976,000. Finally, Nordea Investment Management AB grew its stake in shares of NiSource by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 21,607 shares of the utilities provider’s stock valued at $866,000 after acquiring an additional 820 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NiSource stock opened at $46.33 on Friday. NiSource, Inc has a 12-month low of $35.64 and a 12-month high of $47.05. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $43.30 and a 200-day moving average price of $42.74. The firm has a market capitalization of $22.17 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.76 and a beta of 0.65.

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, topping the consensus estimate of $0.49 by $0.02. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter last year, the firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts forecast that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on NI shares. UBS Group raised their target price on shares of NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Evercore increased their price objective on shares of NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Wells Fargo & Company upped their price objective on NiSource from $47.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Citigroup increased their target price on NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets set a $50.00 price target on NiSource in a report on Thursday, February 12th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.20.

Insider Buying and Selling

In other news, EVP Kimberly S. Cuccia sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $43.13, for a total transaction of $345,040.00. Following the transaction, the executive vice president directly owned 41,247 shares of the company’s stock, valued at approximately $1,778,983.11. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

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.