Tema ETFs LLC Raises Stock Position in NiSource, Inc $NI

Key Points

• Tema ETFs LLC increased its NiSource stake by 45.3% in the second quarter, adding 166,373 shares to own 533,936 shares valued at approximately $25.4 million. Institutional investors and hedge funds collectively hold 91.64% of the stock.
• Analyst sentiment remains favorable, with nine analysts rating NiSource a Buy and two rating it Hold. The stock has a consensus “Moderate Buy” rating and a target price of $49.70, though some firms recently lowered their price targets.
• NiSource reported quarterly EPS of $0.16, matching estimates, while revenue of $1.34 billion exceeded expectations. The company declared a quarterly dividend of $0.30 per share, equivalent to a 2.9% annualized yield.

Tema ETFs LLC lifted its stake in NiSource, Inc (NYSE:NI - Free Report) by 45.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 533,936 shares of the utilities provider's stock after buying an additional 166,373 shares during the period. Tema ETFs LLC owned approximately 0.11% of NiSource worth $25,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in NiSource by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider's stock valued at $2,606,180,000 after acquiring an additional 1,032,630 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider's stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares in the last quarter. State Street Corp increased its position in shares of NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider's stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC lifted its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider's stock valued at $518,301,000 after purchasing an additional 245,110 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Melanie B. Berman sold 15,000 shares of the firm's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Melody Birmingham sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president owned 117,899 shares of the company's stock, valued at approximately $5,563,653.81. The trade was a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock valued at $1,305,675 over the last three months. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays dropped their price target on NiSource from $51.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, August 7th. Wall Street Zen downgraded shares of NiSource from a "hold" rating to a "sell" rating in a research report on Saturday, May 16th. Citigroup raised their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. BMO Capital Markets dropped their price objective on shares of NiSource from $51.00 to $49.00 and set an "outperform" rating on the stock in a research note on Friday, July 17th. Finally, Royal Bank Of Canada initiated coverage on shares of NiSource in a report on Wednesday, July 1st. They issued an "outperform" rating and a $52.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NiSource has an average rating of "Moderate Buy" and a consensus target price of $49.70.

NiSource Price Performance

NiSource stock opened at $42.00 on Wednesday. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The business has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $46.39. The stock has a market capitalization of $20.14 billion, a PE ratio of 22.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.55.

NiSource (NYSE:NI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.34 billion for the quarter, compared to analysts' expectations of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource's dividend payout ratio is currently 63.83%.

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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