Massachusetts Financial Services Co. MA Purchases 942,341 Shares of NiSource, Inc $NI

Key Points

• Massachusetts Financial Services Co. MA doubled its NiSource stake in Q4 by buying 942,341 shares, raising its holding to 1,880,242 shares (0.39% of the company) worth about $78.5M, and institutional investors now own 91.64% of NiSource.
• Wall Street has a consensus rating of "Moderate Buy" on NiSource with a consensus price target of $47.64, and several firms recently raised targets (e.g., BMO $50, UBS $48, Wells Fargo $49).
• NiSource beat quarterly EPS estimates ($0.51 vs. $0.49), set FY2026 guidance of 2.02–2.07 EPS, and declared a $0.30 quarterly dividend (2.5% yield; ex-dividend April 30, payable May 20).

Massachusetts Financial Services Co. MA increased its position in shares of NiSource, Inc (NYSE:NI - Free Report) by 100.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,880,242 shares of the utilities provider's stock after purchasing an additional 942,341 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.39% of NiSource worth $78,519,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NI. Orion Porfolio Solutions LLC lifted its position in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock worth $680,411,000 after purchasing an additional 16,836,630 shares during the period. Millennium Management LLC lifted its position in NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider's stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in NiSource during the third quarter worth about $84,086,000. Soroban Capital Partners LP lifted its position in NiSource by 52.0% during the second quarter. Soroban Capital Partners LP now owns 4,434,245 shares of the utilities provider's stock worth $178,877,000 after purchasing an additional 1,516,296 shares during the period. Finally, Reaves W H & Co. Inc. lifted its position in NiSource by 34.6% during the third quarter. Reaves W H & Co. Inc. now owns 5,009,644 shares of the utilities provider's stock worth $216,918,000 after purchasing an additional 1,287,745 shares during the period. Institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NI shares. UBS Group upped their price objective on shares of NiSource from $45.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, December 17th. Wall Street Zen raised NiSource from a "sell" rating to a "hold" rating in a research note on Saturday, April 4th. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a research note on Friday, March 27th. BMO Capital Markets set a $50.00 target price on NiSource in a research note on Thursday, February 12th. Finally, Wells Fargo & Company boosted their target price on NiSource from $47.00 to $49.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.64.

NiSource Stock Performance

NYSE:NI opened at $47.13 on Tuesday. The stock has a market cap of $22.59 billion, a P/E ratio of 24.17, a price-to-earnings-growth ratio of 3.93 and a beta of 0.61. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The stock's 50-day moving average is $46.33 and its 200-day moving average is $44.06. NiSource, Inc has a 1-year low of $37.22 and a 1-year high of $48.76.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period in the previous year, the business posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts anticipate that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Thursday, April 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, April 30th. NiSource's payout ratio is 61.54%.

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.

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