Kingdom Financial Group LLC. Makes New $611,000 Investment in NiSource, Inc $NI

Kingdom Financial Group LLC. acquired a new position in NiSource, Inc (NYSE:NI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 14,632 shares of the utilities provider’s stock, valued at approximately $611,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP grew its stake in NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 11,671 shares during the last quarter. Acadian Asset Management LLC purchased a new position in NiSource in the first quarter valued at about $105,000. Bank of Nova Scotia boosted its holdings in shares of NiSource by 0.5% in the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after buying an additional 266 shares in the last quarter. Finally, AXA S.A. acquired a new stake in NiSource in the second quarter valued at approximately $1,054,000. 91.64% of the stock is owned by institutional investors.

NiSource Stock Performance

Shares of NI stock opened at $47.76 on Friday. The stock has a market cap of $22.90 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.75 and a beta of 0.57. The business has a 50-day simple moving average of $47.16 and a 200-day simple moving average of $44.84. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 52-week low of $38.13 and a 52-week high of $48.98.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter last year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s payout ratio is 59.70%.

Analysts Set New Price Targets

Several brokerages have weighed in on NI. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.37% of the stock is owned by company insiders.

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.