Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 1,157,807 NiSource, Inc $NI

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in NiSource, Inc (NYSE:NI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,157,807 shares of the utilities provider’s stock, valued at approximately $55,054,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of NiSource as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of NI. Strive Financial Group LLC purchased a new position in shares of NiSource in the fourth quarter worth about $26,000. Zions Bancorporation National Association UT boosted its position in NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after buying an additional 330 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource in the 4th quarter worth approximately $27,000. DV Equities LLC acquired a new position in NiSource in the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NiSource during the 4th quarter worth approximately $28,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company’s stock.

NiSource Stock Down 1.2%

Shares of NI stock opened at $41.61 on Thursday. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.21. The stock has a market cap of $19.96 billion, a P/E ratio of 22.13, a P/E/G ratio of 3.13 and a beta of 0.55. The stock has a 50 day moving average of $45.69 and a 200 day moving average of $46.31. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the prior year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is currently 63.83%.

Wall Street Analyst Weigh In

NI has been the subject of several research reports. KeyCorp decreased their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Royal Bank Of Canada initiated coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. LADENBURG THALM/SH SH decreased their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.82.

About NiSource

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.