Elevation Point Wealth Partners LLC Acquires Shares of 17,210 NiSource, Inc $NI

Elevation Point Wealth Partners LLC purchased a new stake in NiSource, Inc (NYSE:NI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,210 shares of the utilities provider’s stock, valued at approximately $818,000.

A number of other institutional investors also recently modified their holdings of NI. Vanguard Group Inc. grew its stake in NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after buying an additional 1,032,630 shares in the last quarter. BlackRock Inc. acquired a new position in shares of NiSource in the 2nd quarter valued at approximately $2,613,234,000. T. Rowe Price Investment Management Inc. raised its position in NiSource by 19.0% during 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 in the last quarter. State Street Corp lifted its stake in NiSource by 4.5% during 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 during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in NiSource by 55,625.2% during 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 during the last quarter. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. LADENBURG THALM/SH SH cut their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. KeyCorp decreased their price target on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. BMO Capital Markets lowered their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note 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 company’s stock. Based on data from MarketBeat, NiSource has an average rating of “Moderate Buy” and a consensus target price of $49.82.

NiSource Stock Performance

NYSE NI opened at $40.82 on Tuesday. 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 firm has a market cap of $19.57 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 3.02 and a beta of 0.55. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a fifty day moving average price of $45.33 and a 200-day moving average price of $46.25.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts predict that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.9%. NiSource’s dividend payout ratio is presently 63.83%.

Insider Buying and Selling at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.37% of the company’s stock.

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.