Intech Investment Management LLC Lowers Stake in NiSource, Inc $NI

Intech Investment Management LLC decreased its stake in NiSource, Inc (NYSE:NI) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,549 shares of the utilities provider’s stock after selling 16,651 shares during the period. Intech Investment Management LLC’s holdings in NiSource were worth $2,863,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of NI. NewEdge Advisors LLC boosted its position in shares of NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares during the period. Woodline Partners LP boosted its position in shares of NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after buying an additional 11,671 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of NiSource in the first quarter worth about $105,000. Bank of Nova Scotia boosted its position in shares of NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after buying an additional 266 shares during the period. Finally, AXA S.A. purchased a new stake in shares of NiSource in the second quarter worth about $1,054,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Up 1.6%

Shares of NI opened at $45.82 on Wednesday. The company has a market capitalization of $21.97 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.60 and a beta of 0.54. NiSource, Inc has a one year low of $38.45 and a one year high of $48.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a 50-day moving average price of $47.17 and a 200 day moving average price of $45.03.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter in the prior year, the business posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio is currently 59.70%.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NI shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Citigroup upped their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Finally, Barclays upped their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and an average price target of $50.33.

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.