Fox Hill Wealth Management Makes New Investment in NiSource, Inc $NI

Fox Hill Wealth Management bought a new stake in shares of NiSource, Inc (NYSE:NI) in the second quarter, Holdings Channel reports. The fund bought 55,599 shares of the utilities provider’s stock, valued at approximately $2,644,000. NiSource accounts for approximately 1.1% of Fox Hill Wealth Management’s investment portfolio, making the stock its 29th largest holding.

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

NiSource Price Performance

Shares of NYSE:NI opened at $40.57 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 3.05 and a beta of 0.55. The business has a 50-day simple moving average of $44.82 and a two-hundred day simple moving average of $46.14. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.34 billion during 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 firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts expect that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 3.0%. NiSource’s dividend payout ratio is presently 63.83%.

Insider Activity at NiSource

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on NI. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target on the stock. Barclays cut their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. LADENBURG THALM/SH SH reduced their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Finally, Mizuho decreased their target price on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and an average target price of $49.64.

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.