Assetmark Inc. Acquires 5,956 Shares of NiSource, Inc $NI

Assetmark Inc. boosted its stake in shares of NiSource, Inc (NYSE:NI) by 239.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,445 shares of the utilities provider’s stock after buying an additional 5,956 shares during the quarter. Assetmark Inc.’s holdings in NiSource were worth $341,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Keybank National Association OH boosted its stake in NiSource by 6.6% in the second quarter. Keybank National Association OH now owns 16,370 shares of the utilities provider’s stock valued at $660,000 after acquiring an additional 1,007 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of NiSource by 2,668.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 692 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 667 shares during the period. Arkadios Wealth Advisors lifted its stake in NiSource by 19.3% in the second quarter. Arkadios Wealth Advisors now owns 7,474 shares of the utilities provider’s stock valued at $302,000 after purchasing an additional 1,211 shares during the last quarter. World Investment Advisors grew its holdings in NiSource by 5.4% during the second quarter. World Investment Advisors now owns 8,684 shares of the utilities provider’s stock valued at $350,000 after purchasing an additional 445 shares during the period. Finally, Jennison Associates LLC increased its position in NiSource by 1.4% in the second quarter. Jennison Associates LLC now owns 11,734,790 shares of the utilities provider’s stock worth $473,381,000 after buying an additional 156,958 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Zacks Research raised NiSource to a “hold” rating in a research report on Monday, August 11th. Barclays upped their price objective on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company upgraded shares of NiSource to a “strong-buy” rating in a research report on Tuesday, October 28th. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and boosted their price target for the company from $46.00 to $50.00 in a research report on Friday, October 31st. Finally, BMO Capital Markets upped their price target on shares of NiSource from $46.00 to $47.00 and gave the company an “outperform” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.78.

NiSource Stock Up 1.8%

NI opened at $43.53 on Friday. The firm has a market capitalization of $20.77 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 3.13 and a beta of 0.62. NiSource, Inc has a one year low of $35.09 and a one year high of $44.88. The company has a fifty day moving average price of $42.34 and a 200-day moving average price of $41.04. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.52 and a quick ratio of 0.48.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, October 29th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a net margin of 14.15% and a return on equity of 8.09%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $983.25 million. During the same period in the prior year, the business posted $0.20 EPS. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Equities research analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Friday, October 31st will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.12 annualized dividend and a dividend yield of 2.6%. NiSource’s payout ratio is presently 59.26%.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.