Corient Private Wealth LLC Has $3.44 Million Stock Holdings in NiSource, Inc $NI

Corient Private Wealth LLC increased its position in shares of NiSource, Inc (NYSE:NI) by 16.2% during the 4th quarter, Holdings Channel reports. The fund owned 82,229 shares of the utilities provider’s stock after buying an additional 11,485 shares during the quarter. Corient Private Wealth LLC’s holdings in NiSource were worth $3,435,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of NI. Advisory Services Network LLC increased its stake in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 220 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of NiSource by 1.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 225 shares in the last quarter. Tower Bridge Advisors boosted its position in shares of NiSource by 1.1% during the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after purchasing an additional 232 shares in the last quarter. Choreo LLC grew its holdings in shares of NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after buying an additional 234 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its holdings in shares of NiSource by 1.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after buying an additional 240 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other 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 sale, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 27,500 shares of company stock worth $1,305,675. Corporate insiders own 0.37% of the company’s stock.

NiSource Stock Up 2.4%

Shares of NI stock opened at $48.98 on Friday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.08. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The firm has a fifty day moving average of $47.23 and a 200-day moving average of $45.54. The company has a market capitalization of $23.48 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 3.92 and a beta of 0.54.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period 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 predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Barclays boosted their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Citigroup increased their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. Finally, Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.