NiSource, Inc $NI Stock Holdings Decreased by Capital International Inc. CA

Capital International Inc. CA reduced its position in NiSource, Inc (NYSE:NI) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 911,679 shares of the utilities provider’s stock after selling 29,506 shares during the period. Capital International Inc. CA’s holdings in NiSource were worth $38,072,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NI. Orion Porfolio Solutions LLC increased 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 acquiring an additional 16,836,630 shares in the last quarter. Norges Bank purchased a new position in shares of NiSource in the fourth quarter worth approximately $336,852,000. Millennium Management LLC increased its position in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after acquiring an additional 3,033,764 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of NiSource in the fourth quarter worth approximately $100,965,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of NiSource in the third quarter worth approximately $84,086,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on NI shares. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Barclays boosted their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, KeyCorp started coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average target price of $50.33.

Insider Buying and Selling at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,500 shares of company stock worth $1,305,675 in the last quarter. Insiders own 0.37% of the company’s stock.

NiSource Stock Performance

NI stock opened at $46.60 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $22.34 billion, a price-to-earnings ratio of 23.19, a P/E/G ratio of 3.72 and a beta of 0.54. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The firm has a 50 day moving average of $47.22 and a two-hundred day moving average of $45.09.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

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.