NiSource, Inc $NI Shares Bought by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP lifted its holdings in NiSource, Inc (NYSE:NI) by 43.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,832 shares of the utilities provider’s stock after buying an additional 24,618 shares during the quarter. Brevan Howard Capital Management LP’s holdings in NiSource were worth $3,500,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in NiSource by 47.9% in the third quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 18,727 shares of the utilities provider’s stock worth $810,000 after acquiring an additional 6,061 shares during the last quarter. Bank of Nova Scotia boosted its stake in NiSource by 17.7% in the third quarter. Bank of Nova Scotia now owns 57,942 shares of the utilities provider’s stock valued at $2,509,000 after acquiring an additional 8,722 shares during the period. Alkeon Capital Management LLC grew its holdings in shares of NiSource by 21.0% during the third quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock valued at $134,252,000 after purchasing an additional 539,000 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of NiSource by 1.5% during the third quarter. Alliancebernstein L.P. now owns 905,159 shares of the utilities provider’s stock valued at $39,193,000 after purchasing an additional 13,283 shares during the last quarter. Finally, Creative Planning raised its position in shares of NiSource by 39.2% during the 3rd quarter. Creative Planning now owns 87,375 shares of the utilities provider’s stock worth $3,783,000 after purchasing an additional 24,621 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. UBS Group increased their price target on NiSource from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Monday, December 29th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Mizuho raised their target price on NiSource from $44.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets set a $50.00 price target on shares of NiSource in a 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.20.

NiSource Stock Performance

Shares of NI opened at $47.48 on Tuesday. The firm has a market capitalization of $22.72 billion, a PE ratio of 24.35, a P/E/G ratio of 3.88 and a beta of 0.64. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 1.33. The firm has a 50-day moving average price of $44.95 and a 200 day moving average price of $43.25. NiSource, Inc has a 52-week low of $35.64 and a 52-week high of $47.96.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The company had revenue of $1.90 billion for 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 period in the previous year, the firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The company 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 represents a $1.20 dividend on an annualized basis and a yield of 2.5%. This is a positive change from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 3rd. NiSource’s payout ratio is currently 61.54%.

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.