Banque Cantonale Vaudoise Buys Shares of 14,953 NiSource, Inc $NI

Banque Cantonale Vaudoise bought a new stake in NiSource, Inc (NYSE:NI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 14,953 shares of the utilities provider’s stock, valued at approximately $647,000.

A number of other hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP grew its holdings in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after acquiring an additional 11,671 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of NiSource during the 1st quarter valued at $105,000. Summit Investment Advisors Inc. increased its stake in shares of NiSource by 7.1% in the first quarter. Summit Investment Advisors Inc. now owns 5,107 shares of the utilities provider’s stock worth $205,000 after acquiring an additional 338 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of NiSource by 14.4% during the second quarter. ProShare Advisors LLC now owns 120,536 shares of the utilities provider’s stock worth $4,862,000 after acquiring an additional 15,174 shares in the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Price Performance

Shares of NYSE:NI opened at $46.62 on Friday. The stock has a market capitalization of $22.31 billion, a P/E ratio of 23.91, a P/E/G ratio of 3.79 and a beta of 0.64. The business has a 50-day moving average of $44.73 and a two-hundred day moving average of $43.17. NiSource, Inc has a fifty-two week low of $35.64 and a fifty-two week high of $47.67. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.69 and a quick ratio of 0.56.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. NiSource had a return on equity of 8.07% and a net margin of 13.99%.The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities research analysts predict that NiSource, Inc will post 1.91 EPS for the current fiscal year.

NiSource Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Tuesday, February 3rd were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. This is a boost from NiSource’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, February 3rd. NiSource’s dividend payout ratio is 61.54%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. BMO Capital Markets set a $50.00 target price on NiSource in a research note on Thursday, February 12th. Mizuho raised their price target on NiSource from $44.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Citigroup lifted their price target on NiSource from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their price target on NiSource from $47.00 to $49.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average price target 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.