Alkeon Capital Management LLC Has $134.25 Million Stock Holdings in NiSource, Inc $NI

Alkeon Capital Management LLC boosted its holdings in shares of NiSource, Inc (NYSE:NI) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,100,500 shares of the utilities provider’s stock after purchasing an additional 539,000 shares during the period. Alkeon Capital Management LLC owned about 0.65% of NiSource worth $134,252,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Country Trust Bank acquired a new position in shares of NiSource in the 2nd quarter worth approximately $28,000. REAP Financial Group LLC acquired a new stake in NiSource in the 3rd quarter valued at $32,000. Quent Capital LLC bought a new stake in NiSource in the third quarter valued at $36,000. Traub Capital Management LLC bought a new stake in NiSource in the second quarter valued at $39,000. Finally, CYBER HORNET ETFs LLC acquired a new position in NiSource during the second quarter worth $44,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Trading Up 1.5%

Shares of NYSE NI opened at $47.39 on Friday. NiSource, Inc has a 1-year low of $35.64 and a 1-year high of $47.70. The company has a 50-day moving average of $44.83 and a two-hundred day moving average of $43.21. The company has a market cap of $22.68 billion, a PE ratio of 24.30, a P/E/G ratio of 3.88 and a beta of 0.64. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS 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 business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period in the prior 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 analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a $0.30 dividend. The ex-dividend date was Tuesday, February 3rd. This is a positive change from NiSource’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s dividend payout ratio is 61.54%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. BMO Capital Markets set a $50.00 target price on shares of NiSource in a report on Thursday, February 12th. Mizuho increased their target price on shares of NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. UBS Group lifted their price target on shares of NiSource from $45.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, December 17th. Finally, Citigroup boosted their price target on shares of NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. 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.com, NiSource has a consensus rating of “Moderate Buy” and an average price target of $47.20.

NiSource Company 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.