Melody Birmingham Sells 10,000 Shares of NiSource (NYSE:NI) Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 10,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Melody Birmingham also recently made the following trade(s):

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00.

NiSource Trading Up 0.4%

NYSE:NI opened at $47.90 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The firm has a market cap of $22.96 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 3.81 and a beta of 0.57. NiSource, Inc has a 52 week low of $38.36 and a 52 week high of $48.98. The firm has a 50-day moving average price of $47.19 and a two-hundred day moving average price of $44.86.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter 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 expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.5%. NiSource’s dividend payout ratio (DPR) is 59.70%.

Analyst Upgrades and Downgrades

Several research firms have commented on NI. Barclays increased their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets restated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research note on Monday, April 20th. Weiss Ratings lowered shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company raised their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NiSource currently has an average rating of “Moderate Buy” and an average target price of $50.33.

Institutional Investors Weigh In On NiSource

Several large investors have recently modified their holdings of NI. Zions Bancorporation National Association UT increased its stake in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares during the last quarter. Strive Financial Group LLC bought a new position in NiSource in the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in NiSource in the 4th quarter worth approximately $27,000. DV Equities LLC bought a new position in NiSource in the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in NiSource in the 4th quarter worth approximately $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.