Picton Mahoney Asset Management Has $11.72 Million Stock Holdings in NiSource, Inc $NI

Key Points

• Picton Mahoney Asset Management trimmed its stake in NiSource by 20.5%, selling 69,883 shares and now holding 270,621 shares valued at about $11.72 million.
• Institutional ownership is high at 91.64%, and analysts carry a consensus rating of "Moderate Buy" with a consensus price target of $47.20; several firms have raised targets (BMO $50, UBS $48, Wells Fargo $49).
• NiSource beat quarterly EPS estimates ($0.51 vs. $0.49), set FY2026 guidance of 2.020–2.070 EPS, and increased its quarterly dividend to $0.30 (annualized $1.20, ~2.5% yield, payout ratio ~61.5%).

Picton Mahoney Asset Management trimmed its stake in shares of NiSource, Inc (NYSE:NI - Free Report) by 20.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 270,621 shares of the utilities provider's stock after selling 69,883 shares during the quarter. Picton Mahoney Asset Management owned about 0.06% of NiSource worth $11,719,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in NiSource by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 61,422,062 shares of the utilities provider's stock valued at $2,477,766,000 after buying an additional 578,061 shares during the last quarter. State Street Corp lifted its position in NiSource by 4.1% during the second quarter. State Street Corp now owns 24,726,001 shares of the utilities provider's stock worth $997,447,000 after acquiring an additional 965,718 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in shares of 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 acquiring an additional 16,836,630 shares during the period. Geode Capital Management LLC grew its position in shares of NiSource by 1.0% in the second quarter. Geode Capital Management LLC now owns 12,243,523 shares of the utilities provider's stock valued at $491,850,000 after purchasing an additional 124,868 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider's stock worth $367,852,000 after purchasing an additional 183,203 shares during the period. 91.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NI shares. UBS Group boosted their price target on NiSource from $45.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 17th. Weiss Ratings reissued a "buy (b)" rating on shares of NiSource in a report on Monday, December 29th. Wall Street Zen downgraded shares of NiSource from a "hold" rating to a "sell" rating in a research note on Saturday, January 3rd. BMO Capital Markets set a $50.00 price target on shares of NiSource in a research report on Thursday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $47.20.

NiSource Price Performance

NiSource stock opened at $47.59 on Thursday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.56 and a current ratio of 0.69. NiSource, Inc has a 52 week low of $35.64 and a 52 week high of $47.67. The stock has a market capitalization of $22.77 billion, a P/E ratio of 24.41, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64. The stock has a fifty day moving average of $44.15 and a 200-day moving average of $42.99.

NiSource (NYSE:NI - Get Free Report) last released its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. The firm 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 quarter 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. On average, sell-side analysts expect that NiSource, Inc will post 1.91 earnings per share for the current fiscal year.

NiSource Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Tuesday, February 3rd were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, February 3rd. 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. NiSource's dividend 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.

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