Energy Income Partners LLC Decreases Stock Position in NiSource, Inc $NI

Energy Income Partners LLC trimmed its stake in shares of NiSource, Inc (NYSE:NI) by 47.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,355 shares of the utilities provider’s stock after selling 59,588 shares during the quarter. Energy Income Partners LLC’s holdings in NiSource were worth $3,049,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NewEdge Advisors LLC grew its position in shares of NiSource by 60.1% during 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 in the last quarter. Woodline Partners LP raised its holdings 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 acquiring an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in NiSource in the first quarter valued at approximately $105,000. Bank of Nova Scotia lifted its stake in 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 acquiring an additional 266 shares during the last quarter. Finally, AXA S.A. purchased a new position in NiSource in the second quarter worth approximately $1,054,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on NI. KeyCorp dropped their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Wells Fargo & Company boosted their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Stock Performance

Shares of NiSource stock opened at $45.80 on Tuesday. 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 $38.45 and a 52 week high of $49.21. The firm’s 50 day moving average is $46.89 and its two-hundred day moving average is $46.32. The firm has a market capitalization of $21.96 billion, a P/E ratio of 22.79, a P/E/G ratio of 3.42 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter in the previous year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts forecast that NiSource, Inc will post 2.08 EPS for the current fiscal 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Insider Buying and Selling at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 over the last quarter. 0.37% of the stock is owned by company insiders.

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.