Tidal Investments LLC Purchases 168,704 Shares of NiSource, Inc $NI

Key Points

• Tidal Investments increased its NiSource stake by 44.8% in the second quarter, acquiring 168,704 shares for a total holding of 545,461 shares valued at approximately $25.9 million. Institutional investors collectively own 91.64% of NiSource.
• Analysts maintain a generally positive outlook, with 10 Buy ratings and two Holds, resulting in a “Moderate Buy” consensus and an average price target of $49.64, despite several recent target reductions.
• NiSource reported quarterly revenue of $1.34 billion and EPS of $0.16, while maintaining FY 2026 EPS guidance of $2.02–$2.07. The company also declared a $0.30 quarterly dividend, equivalent to a 2.9% annualized yield.

Tidal Investments LLC increased its position in shares of NiSource, Inc (NYSE:NI - Free Report) by 44.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 545,461 shares of the utilities provider's stock after acquiring an additional 168,704 shares during the period. Tidal Investments LLC owned about 0.11% of NiSource worth $25,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compass Financial Management LLC acquired a new position in shares of NiSource in the second quarter valued at approximately $26,000. Zions Bancorporation National Association UT boosted its position in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider's stock worth $26,000 after buying an additional 330 shares during the period. Strive Financial Group LLC bought a new stake in NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource during the 4th quarter worth approximately $27,000. Finally, DV Equities LLC acquired a new position in NiSource in the 4th quarter valued at approximately $28,000. Institutional investors own 91.64% of the company's stock.

Analyst Ratings Changes

NI has been the topic of a number of recent research reports. KeyCorp cut their price target on shares of NiSource from $52.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, July 23rd. Barclays decreased their price objective on NiSource from $51.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of NiSource in a report on Tuesday, July 21st. Mizuho reduced their price target on NiSource from $50.00 to $48.00 and set an "outperform" rating on the stock in a research report on Wednesday, August 26th. Finally, LADENBURG THALM/SH SH lowered their price objective on NiSource from $51.50 to $51.00 and set a "buy" rating for the company in a research report on Monday, August 17th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.64.

NiSource Price Performance

Shares of NI opened at $41.42 on Friday. The firm has a market cap of $19.86 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 3.11 and a beta of 0.54. NiSource, Inc has a 52-week low of $39.29 and a 52-week high of $49.21. The business's 50 day moving average price is $43.68 and its two-hundred day moving average price is $45.88. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource's dividend payout ratio (DPR) is currently 63.83%.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president directly owned 78,527 shares of the company's stock, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

NiSource Profile

NiSource Inc NYSE: NI is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.

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