SG Americas Securities LLC Purchases 80,323 Shares of NiSource, Inc $NI

Key Points

• SG Americas Securities LLC increased its NiSource stake by 69.3% in Q4, adding 80,323 shares to hold 196,237 shares valued at about $8.20 million.
• NiSource beat quarterly expectations with EPS $0.51 vs. $0.49, set FY2026 guidance of $2.020–$2.070, while analysts forecast roughly $1.91 EPS for the current year.
• The stock trades with a market cap of about $22.3 billion and a PE of ~23.9, pays a quarterly dividend of $0.30 (annualized $1.20, yield ~2.6%), and carries a consensus rating of “Moderate Buy” with a $47.20 price target.

SG Americas Securities LLC lifted its position in shares of NiSource, Inc (NYSE:NI - Free Report) by 69.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 196,237 shares of the utilities provider's stock after acquiring an additional 80,323 shares during the quarter. SG Americas Securities LLC's holdings in NiSource were worth $8,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NI. State Street Corp raised its position in NiSource by 3.5% in the third quarter. State Street Corp now owns 25,580,768 shares of the utilities provider's stock valued at $1,107,647,000 after purchasing an additional 854,767 shares during the last quarter. Orion Porfolio Solutions LLC grew 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 purchasing an additional 16,836,630 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 last quarter. Capital International Investors increased its stake in shares of NiSource by 15.1% in the third 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 during the period. Finally, Invesco Ltd. increased its stake in shares of NiSource by 1.4% in the second quarter. Invesco Ltd. now owns 8,017,350 shares of the utilities provider's stock valued at $323,420,000 after buying an additional 107,341 shares during the period. Institutional investors own 91.64% of the company's stock.

NiSource Stock Performance

Shares of NI stock opened at $46.57 on Tuesday. The stock has a market capitalization of $22.28 billion, a PE ratio of 23.88, a PEG ratio of 3.77 and a beta of 0.64. The business's 50 day simple moving average is $45.63 and its 200 day simple moving average is $43.59. 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, Inc has a one year low of $35.64 and a one year high of $47.96.

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 (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same quarter last year, the business earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts forecast that NiSource, Inc will post 1.91 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 20th. Investors of record on Thursday, April 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Thursday, April 30th. NiSource's dividend payout ratio (DPR) is currently 61.54%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Weiss Ratings reiterated a "buy (b)" rating on shares of NiSource in a research report on Friday. Wells Fargo & Company upped their price target on shares of NiSource from $47.00 to $49.00 and gave the company an "overweight" rating in a research report on Tuesday, January 20th. BMO Capital Markets set a $50.00 price target on shares of NiSource in a research note on Thursday, February 12th. Citigroup lifted their price target on shares of NiSource from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Thursday, February 12th. Finally, UBS Group increased their price objective on NiSource from $45.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, December 17th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, NiSource has an average rating of "Moderate Buy" and a consensus 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.

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