NiSource, Inc $NI Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 41.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 891,464 shares of the utilities provider’s stock after acquiring an additional 262,483 shares during the period. BNP Paribas Financial Markets’ holdings in NiSource were worth $37,228,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Godfrey Financial Associates Inc. acquired a new stake in shares of NiSource during the fourth quarter worth $30,000. REAP Financial Group LLC acquired a new stake in shares of NiSource during the third quarter worth $32,000. Elyxium Wealth LLC acquired a new stake in shares of NiSource during the fourth quarter worth $33,000. Laurel Wealth Advisors LLC acquired a new stake in shares of NiSource during the fourth quarter worth $46,000. Finally, Sentry Investment Management LLC acquired a new stake in shares of NiSource during the third quarter worth $52,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Trading Down 0.5%

Shares of NI opened at $45.64 on Thursday. The stock’s 50-day moving average is $47.19 and its two-hundred day moving average is $45.06. The stock has a market cap of $21.88 billion, a PE ratio of 22.70, a P/E/G ratio of 3.66 and a beta of 0.54. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NI shares. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

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.