BW Gestao de Investimentos Ltda. Invests $5.20 Million in NiSource, Inc $NI

BW Gestao de Investimentos Ltda. acquired a new position in shares of NiSource, Inc (NYSE:NI) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 120,000 shares of the utilities provider’s stock, valued at approximately $5,196,000.

A number of other institutional investors also recently added to or reduced their stakes in NI. Capital International Inc. CA lifted its position in shares of NiSource by 0.9% during the third quarter. Capital International Inc. CA now owns 941,185 shares of the utilities provider’s stock valued at $40,753,000 after buying an additional 8,394 shares during the last quarter. Capital International Investors boosted its holdings in shares of NiSource by 15.1% in the 3rd quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after buying an additional 1,065,591 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of NiSource in the 3rd quarter worth approximately $647,000. WINTON GROUP Ltd bought a new position in shares of NiSource during the 3rd quarter worth approximately $1,154,000. Finally, Russell Investments Group Ltd. raised its stake in shares of NiSource by 1.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 741,766 shares of the utilities provider’s stock worth $32,115,000 after acquiring an additional 12,664 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

NiSource Stock Up 1.3%

NYSE:NI opened at $47.04 on Tuesday. 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, Inc has a twelve month low of $35.64 and a twelve month high of $47.67. The company has a market cap of $22.51 billion, a PE ratio of 24.12, a P/E/G ratio of 3.81 and a beta of 0.64. The company’s 50 day moving average is $44.45 and its two-hundred day moving average is $43.10.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the company posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were given a dividend of $0.30 per share. 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%. This is an increase from NiSource’s previous quarterly dividend of $0.28. NiSource’s payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

NI has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. UBS Group upped 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. BMO Capital Markets set a $50.00 price objective on NiSource in a report on Thursday, February 12th. Barclays set a $45.00 price objective on NiSource in a research report on Monday, December 8th. Finally, Mizuho boosted their target price on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.20.

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.