Tidal Investments LLC Has $25.94 Million Stock Holdings in NiSource, Inc $NI

Tidal Investments LLC grew its holdings in shares of NiSource, Inc (NYSE:NI) by 44.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 545,461 shares of the utilities provider’s stock after buying an additional 168,704 shares during the quarter. Tidal Investments LLC’s holdings in NiSource were worth $25,937,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NI. Advisory Services Network LLC raised its holdings in shares of NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after acquiring an additional 225 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after purchasing an additional 240 shares during the last quarter. Prosperity Consulting Group LLC boosted its stake in NiSource by 1.1% during the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after purchasing an additional 246 shares during the last quarter. Finally, World Investment Advisors increased its holdings in NiSource by 3.2% during the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 247 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is currently owned by company insiders.

NiSource Stock Performance

Shares of NI opened at $41.42 on Friday. The stock has a 50 day moving average of $43.68 and a 200 day moving average of $45.88. The company has a market capitalization of $19.86 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.11 and a beta of 0.54. NiSource, Inc has a 12 month low of $39.29 and a 12 month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the previous year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on NI shares. Royal Bank Of Canada initiated coverage on NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Mizuho lowered their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH cut their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

About NiSource

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.