Oak Thistle LLC Has $2.83 Million Stock Position in NiSource, Inc $NI

Key Points

• Oak Thistle LLC increased its stake in NiSource by 88.9% in Q4 to 67,854 shares, valued at about $2.83 million per its recent SEC filing.
• NiSource beat Q4 expectations, reporting $0.51 EPS (vs. $0.49 est.) and $1.90 billion in revenue, and set FY2026 guidance of 2.020–2.070 EPS while analysts forecast ~1.91 EPS for the current fiscal year.
• The company declared a quarterly dividend of $0.30 (annualized $1.20, ~2.5% yield) with an ex-dividend and record date of April 30 and payment on May 20.

Oak Thistle LLC boosted its stake in NiSource, Inc (NYSE:NI - Free Report) by 88.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 67,854 shares of the utilities provider's stock after buying an additional 31,934 shares during the period. Oak Thistle LLC's holdings in NiSource were worth $2,834,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. REAP Financial Group LLC acquired a new position in NiSource in the 3rd quarter valued at about $32,000. Quent Capital LLC acquired a new position in NiSource in the 3rd quarter valued at about $36,000. CYBER HORNET ETFs LLC acquired a new position in NiSource in the 2nd quarter valued at about $44,000. Heartwood Wealth Advisors LLC acquired a new position in NiSource in the 3rd quarter valued at about $48,000. Finally, Sentry Investment Management LLC acquired a new position in NiSource in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 91.64% of the company's stock.

NiSource Stock Performance

Shares of NiSource stock opened at $47.60 on Wednesday. The company has a 50 day moving average of $46.04 and a 200-day moving average of $43.89. NiSource, Inc has a 1-year low of $35.68 and a 1-year high of $47.96. 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 company has a market cap of $22.82 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 3.89 and a beta of 0.61.

NiSource (NYSE:NI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share 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 company had revenue of $1.90 billion during the quarter, compared to the consensus estimate 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. As a group, equities research analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Thursday, April 30th will be given a $0.30 dividend. The ex-dividend date is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource's dividend payout ratio (DPR) is currently 61.54%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NI. UBS Group upped their price target on shares of NiSource from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 17th. Weiss Ratings restated a "buy (b)" rating on shares of NiSource in a research report on Friday, March 27th. KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an "overweight" rating and a $52.00 target price on the stock. Wall Street Zen upgraded shares of NiSource from a "sell" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company increased their target price on shares of NiSource from $47.00 to $49.00 and gave the stock an "overweight" rating in a research report 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $47.64.

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.

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