SBI Okasan Asset Management Co.Ltd. Purchases New Position in NiSource, Inc $NI

SBI Okasan Asset Management Co.Ltd. purchased a new stake in NiSource, Inc (NYSE:NI) in the fourth quarter, Holdings Channel reports. The firm purchased 15,500 shares of the utilities provider’s stock, valued at approximately $650,000.

Other large investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. purchased a new stake in shares of NiSource in the fourth quarter valued at approximately $30,000. REAP Financial Group LLC purchased a new stake in shares of NiSource in the third quarter valued at approximately $32,000. Elyxium Wealth LLC purchased a new stake in shares of NiSource in the fourth quarter valued at approximately $33,000. Laurel Wealth Advisors LLC purchased a new stake in shares of NiSource in the fourth quarter valued at approximately $46,000. Finally, Sentry Investment Management LLC purchased a new stake in shares of NiSource in the third quarter valued at approximately $52,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Performance

Shares of NI stock opened at $46.21 on Friday. The business’s fifty day simple moving average is $47.20 and its 200-day simple moving average is $45.01. The company has a market cap of $22.16 billion, a PE ratio of 22.99, a PEG ratio of 3.73 and a beta of 0.57. 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, Inc has a 12-month low of $38.45 and a 12-month high of $48.98.

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

NiSource Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were 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 approximately $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NI. KeyCorp began coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective for the company. Citigroup boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Evercore set a $52.00 price objective on shares of NiSource in a research note on Monday, May 11th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average price target of $50.33.

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.