Capital Innovations LLC Takes Position in NiSource, Inc $NI

Capital Innovations LLC acquired a new stake in NiSource, Inc (NYSE:NI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,825 shares of the utilities provider’s stock, valued at approximately $494,000.

Several other institutional investors and hedge funds have also made changes to their positions in NI. NewEdge Advisors LLC lifted its position in shares of NiSource by 60.1% in the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 11,452 shares in the last quarter. Woodline Partners LP lifted its position in shares of 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 purchased a new stake in shares of NiSource in the first quarter valued at $105,000. Bank of Nova Scotia lifted its position in shares of NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after acquiring an additional 266 shares in the last quarter. Finally, AXA S.A. purchased a new stake in shares of NiSource in the second quarter valued at $1,054,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NI. BMO Capital Markets restated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Wells Fargo & Company upped their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. KeyCorp started coverage on NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. Finally, 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. One research 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.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $50.33.

NiSource Stock Performance

NYSE NI opened at $45.82 on Wednesday. The business’s 50-day moving average price is $47.17 and its 200 day moving average price is $45.03. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $48.98. The company has a market capitalization of $21.97 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 3.60 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the business posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio is 59.70%.

Insider Activity

In other news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’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 completion of the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,500 shares of company stock worth $1,305,675 over the last quarter. 0.37% of the stock is currently owned by company insiders.

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.