VELA Investment Management LLC Makes New Investment in NiSource, Inc $NI

Key Points

• VELA Investment Management opened a new position in NiSource in Q4, buying 23,757 shares (about $992,000), adding to a stock that is already 91.64% institutionally owned.
• Brokerages have been bullish recently—several raised or reiterated overweight/outperform ratings with price targets of roughly $49–$52, and the consensus from analysts is a “Moderate Buy” with an average target of $48.80.
• NiSource beat the quarter (EPS $0.51 vs. $0.49, revenue $1.90B) and issued FY2026 guidance of 2.020–2.070 EPS, and it pays a quarterly dividend of $0.30 (annualized $1.20) for a ~2.5% yield.

VELA Investment Management LLC acquired a new position in shares of NiSource, Inc (NYSE:NI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 23,757 shares of the utilities provider's stock, valued at approximately $992,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider's stock worth $2,606,180,000 after buying an additional 1,032,630 shares during the period. State Street Corp increased its position in NiSource by 3.5% during the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider's stock worth $1,107,647,000 after buying an additional 854,767 shares during the period. Orion Porfolio Solutions LLC increased its position in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider's stock worth $680,411,000 after buying an additional 16,836,630 shares during the period. JPMorgan Chase & Co. increased its position in NiSource by 2.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider's stock worth $367,852,000 after buying an additional 183,203 shares during the period. Finally, Capital International Investors increased its position in NiSource by 15.1% during the 3rd quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider's stock worth $352,296,000 after buying an additional 1,065,591 shares during the period. Institutional investors own 91.64% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NI. Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. BMO Capital Markets restated an "outperform" rating and issued a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. KeyCorp began coverage on NiSource in a research report on Tuesday, March 31st. They issued an "overweight" rating and a $52.00 price target on the stock. Wells Fargo & Company restated an "overweight" rating and issued a $51.00 price target on shares of NiSource in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded NiSource from a "sell" rating to a "hold" rating in a research report on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $48.80.

NiSource Stock Down 0.3%

Shares of NYSE NI opened at $48.14 on Friday. The stock's fifty day moving average is $47.05 and its 200 day moving average is $44.47. The stock has a market capitalization of $23.08 billion, a P/E ratio of 24.69, a PEG ratio of 3.84 and a beta of 0.57. 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 $37.22 and a 52 week high of $48.98.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.20 billion. NiSource had a return on equity of 8.07% and a net margin of 13.99%.During the same period last year, the firm posted $0.49 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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

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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