Yaupon Capital Management boosted its NiSource Inc stake by nearly 20%, as the energy utility company beat Q3 earnings forecasts.

Yaupon Capital Management increased its stake in NiSource Inc by 19.5%, now holding 822,522 shares. Several other institutional investors also raised their stakes in NiSource. The company reported earnings of $0.20 per share for Q3, exceeding expectations, with analysts forecasting 1.73 EPS for the year. NiSource, a regulated energy utility, serves millions of customers across the U.S. and has a market cap of $17.31 billion.