Legacy Investment Solutions LLC Makes New Investment in NiSource, Inc $NI

Legacy Investment Solutions LLC bought a new stake in NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,293 shares of the utilities provider’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in NiSource by 21.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 647,519 shares of the utilities provider’s stock valued at $25,959,000 after acquiring an additional 116,213 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of NiSource in the first quarter valued at approximately $208,000. New Mexico Educational Retirement Board lifted its position in NiSource by 1.9% during the first quarter. New Mexico Educational Retirement Board now owns 21,800 shares of the utilities provider’s stock worth $874,000 after buying an additional 400 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in NiSource by 9.0% during the first quarter. Nisa Investment Advisors LLC now owns 136,473 shares of the utilities provider’s stock worth $5,471,000 after buying an additional 11,215 shares during the last quarter. Finally, Alps Advisors Inc. boosted its stake in NiSource by 7.8% during the first quarter. Alps Advisors Inc. now owns 128,448 shares of the utilities provider’s stock worth $5,149,000 after buying an additional 9,272 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on NI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Wednesday, October 8th. Wall Street Zen raised shares of NiSource from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Jefferies Financial Group upgraded shares of NiSource from a “hold” rating to a “buy” rating and boosted their target price for the company from $46.00 to $50.00 in a report on Friday, October 31st. BMO Capital Markets raised their price target on shares of NiSource from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, September 29th. Finally, Barclays lifted their price target on shares of NiSource from $44.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $45.78.

NiSource Stock Up 1.8%

Shares of NYSE NI opened at $43.53 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.52 and a debt-to-equity ratio of 1.29. The business’s 50 day moving average is $42.34 and its two-hundred day moving average is $41.05. NiSource, Inc has a 52-week low of $35.09 and a 52-week high of $44.88. The firm has a market cap of $20.77 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 3.13 and a beta of 0.62.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, October 29th. The utilities provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). NiSource had a return on equity of 8.09% and a net margin of 14.15%.The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $983.25 million. During the same quarter in the prior year, the business earned $0.20 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.07 EPS. FY 2025 guidance at 1.870-1.89 EPS. Research analysts predict that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Friday, October 31st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, October 31st. NiSource’s payout ratio is currently 59.26%.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.