NiSource, Inc $NI Stock Position Lowered by Strs Ohio

Strs Ohio lowered its holdings in NiSource, Inc (NYSE:NI) by 2.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 557,612 shares of the utilities provider’s stock after selling 16,817 shares during the period. Strs Ohio’s holdings in NiSource were worth $26,018,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its position in NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after acquiring an additional 1,032,630 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of NiSource by 19.0% in the 4th 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. State Street Corp lifted its position in shares of NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC lifted 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 purchasing an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after purchasing an additional 245,110 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction dated 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 directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 in the last 90 days. 0.37% of the stock is owned by corporate insiders.

NiSource Stock Performance

NI opened at $47.70 on Friday. The firm has a market capitalization of $22.87 billion, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 3.82 and a beta of 0.55. The stock’s 50 day moving average price is $47.23 and its two-hundred day moving average price is $45.76. 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 12-month low of $38.45 and a 12-month high of $49.21.

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

NiSource Dividend Announcement

The business 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. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Royal Bank Of Canada initiated coverage on NiSource in a research note on Wednesday. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average price target of $50.50.

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.