Corient Private Wealth LP Takes Position in NiSource, Inc $NI

Corient Private Wealth LP purchased a new stake in NiSource, Inc (NYSE:NI) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 82,905 shares of the utilities provider’s stock, valued at approximately $3,943,000.

A number of other institutional investors have also recently added to or reduced their stakes in NI. Compass Financial Management LLC acquired a new position in NiSource during the second quarter worth $26,000. Zions Bancorporation National Association UT grew its holdings in NiSource by 113.8% in the 4th 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 in the last quarter. Strive Financial Group LLC acquired a new stake in shares of NiSource in the 4th quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource in the 4th quarter worth $27,000. Finally, DV Equities LLC purchased a new position in shares of NiSource during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on NI shares. Mizuho lowered their price target on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 26th. KeyCorp cut their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Evercore set a $52.00 target price on shares of NiSource in a report on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average target price of $49.64.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.37% of the stock is owned by insiders.

NiSource Price Performance

NYSE:NI opened at $40.91 on Tuesday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $19.62 billion, a P/E ratio of 21.76, a P/E/G ratio of 3.02 and a beta of 0.55. The stock’s fifty day moving average is $44.69 and its two-hundred day moving average is $46.13.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting 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 company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.9%. NiSource’s dividend payout ratio is presently 63.83%.

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.