Vise Technologies Inc. Makes New Investment in NiSource, Inc $NI

Vise Technologies Inc. purchased a new stake in NiSource, Inc (NYSE:NI) in the 2nd quarter, according to its most recent filing with the SEC. The fund purchased 133,817 shares of the utilities provider’s stock, valued at approximately $6,363,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. purchased a new position in NiSource during the second quarter worth about $2,613,234,000. Orion Porfolio Solutions LLC boosted its position in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. Deutsche Bank AG purchased a new stake in NiSource in the second quarter valued at approximately $574,295,000. T. Rowe Price Investment Management Inc. grew its holdings in NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the period. Finally, Norges Bank purchased a new stake in NiSource in the fourth quarter valued at approximately $336,852,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NI. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays lowered their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. LADENBURG THALM/SH SH dropped their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday. Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Transactions at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction that occurred 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 owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.37% of the stock is owned by company insiders.

NiSource Price Performance

Shares of NYSE NI opened at $41.69 on Friday. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The business has a 50-day moving average of $45.60 and a 200-day moving average of $46.29. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.10 and a beta of 0.55.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $1.34 billion during 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 last year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

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

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.