ANTIPODES PARTNERS Ltd Acquires New Position in NiSource, Inc $NI

ANTIPODES PARTNERS Ltd acquired a new position in NiSource, Inc (NYSE:NI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,941,792 shares of the utilities provider’s stock, valued at approximately $84,086,000. NiSource comprises 1.9% of ANTIPODES PARTNERS Ltd’s portfolio, making the stock its 23rd biggest position. ANTIPODES PARTNERS Ltd owned 0.41% of NiSource at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Hantz Financial Services Inc. raised its position in 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. Country Trust Bank purchased a new position in shares of NiSource in the second quarter worth about $28,000. REAP Financial Group LLC purchased a new position in shares of NiSource in the third quarter worth about $32,000. Quent Capital LLC bought a new stake in shares of NiSource in the 3rd quarter valued at about $36,000. Finally, GHP Investment Advisors Inc. boosted its holdings in NiSource by 116.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 975 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 525 shares during the period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 1.1%

Shares of NiSource stock opened at $46.33 on Friday. The company has a 50-day simple moving average of $43.30 and a two-hundred day simple moving average of $42.74. The stock 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, Inc has a 52-week low of $35.64 and a 52-week high of $47.05. 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 (NYSE:NI) last announced its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. NiSource had a net margin of 13.99% and a return on equity of 8.07%. 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 firm earned $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts anticipate that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.6%. NiSource’s payout ratio is presently 61.54%.

Insider Transactions at NiSource

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

Wall Street Analysts Forecast Growth

NI has been the topic of several analyst reports. Jefferies Financial Group raised shares of NiSource from a “hold” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $50.00 in a research note on Friday, October 31st. Mizuho increased their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Monday, December 29th. Finally, Evercore increased their price objective on NiSource from $46.00 to $47.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock 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.