Sage Mountain Advisors LLC Acquires Shares of 11,288 NiSource, Inc $NI

Sage Mountain Advisors LLC acquired a new stake in NiSource, Inc (NYSE:NI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,288 shares of the utilities provider’s stock, valued at approximately $471,000.

A number of other large investors also recently made changes to their positions in the company. Patton Fund Management Inc. lifted its position in shares of NiSource by 34.5% during the fourth quarter. Patton Fund Management Inc. now owns 82,115 shares of the utilities provider’s stock valued at $3,429,000 after purchasing an additional 21,070 shares in the last quarter. Assetmark Inc. lifted its position in shares of NiSource by 16.6% during the fourth quarter. Assetmark Inc. now owns 11,364 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 1,618 shares in the last quarter. Choreo LLC increased its holdings in NiSource by 2.7% during the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after buying an additional 234 shares during the last quarter. HF Advisory Group LLC increased its holdings in NiSource by 8.6% during the fourth quarter. HF Advisory Group LLC now owns 59,281 shares of the utilities provider’s stock worth $2,476,000 after buying an additional 4,703 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in NiSource by 100.5% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,880,242 shares of the utilities provider’s stock worth $78,519,000 after buying an additional 942,341 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

NiSource Stock Up 0.7%

Shares of NiSource stock opened at $47.70 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.33. The company’s fifty day simple moving average is $46.54 and its two-hundred day simple moving average is $44.15. The company has a market cap of $22.86 billion, a P/E ratio of 24.46, a PEG ratio of 3.88 and a beta of 0.61. NiSource, Inc has a 12-month low of $37.22 and a 12-month high of $48.76.

NiSource (NYSE:NI) last released its earnings results on Wednesday, February 11th. The utilities provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.20 billion. NiSource had a net margin of 13.99% and a return on equity of 8.07%. During the same period in the prior year, the firm earned $0.49 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 1.91 EPS for the current year.

NiSource Announces Dividend

The company also recently declared 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 is Thursday, April 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s payout ratio is presently 61.54%.

Wall Street Analyst Weigh In

NI has been the subject of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Friday, March 27th. BMO Capital Markets set a $50.00 price objective on shares of NiSource in a research note on Thursday, February 12th. Wells Fargo & Company lifted their target price 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. KeyCorp began coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price for the company. Finally, Citigroup boosted their price objective on shares of NiSource from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.64.

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.