NiSource, Inc $NI Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its position in NiSource, Inc (NYSE:NI) by 2.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 472,429 shares of the utilities provider’s stock after acquiring an additional 13,091 shares during the period. Maryland State Retirement & Pension System’s holdings in NiSource were worth $19,729,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. ANTIPODES PARTNERS Ltd purchased a new position in NiSource in the third quarter valued at $84,086,000. Magellan Asset Management Ltd boosted its holdings in NiSource by 7.5% in the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock valued at $15,985,000 after purchasing an additional 25,721 shares during the period. WINTON GROUP Ltd purchased a new position in NiSource in the third quarter valued at $1,154,000. BNP Paribas Financial Markets boosted its holdings in NiSource by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock valued at $37,228,000 after purchasing an additional 262,483 shares during the period. Finally, Capital International Investors boosted its holdings in NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after purchasing an additional 1,065,591 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Performance

Shares of NI stock opened at $47.66 on Wednesday. The stock has a market capitalization of $22.85 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 3.79 and a beta of 0.55. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $48.98. The stock’s 50-day moving average price is $47.24 and its 200 day moving average price is $45.29. 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 (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm 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 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

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

Insider Activity

In related news, 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 transaction, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock worth $1,305,675 in the last 90 days. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays lifted their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. KeyCorp started coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. Wells Fargo & Company lifted their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, NiSource currently has an average 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.