Kimelman & Baird LLC Makes New Investment in NiSource, Inc $NI

Kimelman & Baird LLC acquired a new stake in NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,950 shares of the utilities provider’s stock, valued at approximately $663,000.

Several other large investors also recently modified their holdings of NI. Advisory Services Network LLC boosted its holdings in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in NiSource by 1.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after purchasing an additional 225 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its holdings in NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 240 shares during the last quarter. Prosperity Consulting Group LLC raised its position in shares of NiSource by 1.1% in the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after purchasing an additional 246 shares in the last quarter. Finally, World Investment Advisors boosted its stake in shares of NiSource by 3.2% during the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock valued at $308,000 after buying an additional 247 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business’s 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. The trade was a 32.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.37% of the stock is owned by insiders.

NiSource Price Performance

Shares of NYSE:NI opened at $40.57 on Friday. The firm’s 50 day moving average is $44.82 and its two-hundred day moving average is $46.14. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The firm has a market capitalization of $19.46 billion, a P/E ratio of 21.58, a PEG ratio of 3.05 and a beta of 0.55. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations 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 previous year, the company posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate 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 Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 3.0%. NiSource’s payout ratio is presently 63.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Mizuho reduced their price objective on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a research note on Wednesday. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. BMO Capital Markets cut their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $49.64.

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.