NiSource (NYSE:NI) Reaches New 12-Month High – Here’s Why

NiSource, Inc (NYSE:NI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $49.08 and last traded at $48.98, with a volume of 5990691 shares traded. The stock had previously closed at $47.81.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Barclays raised their target price 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. Citigroup boosted their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. KeyCorp began coverage on NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Finally, Wells Fargo & Company boosted their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One equities research 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.33.

NiSource Stock Performance

The stock has a market capitalization of $23.48 billion, a price-to-earnings ratio of 24.37, a P/E/G ratio of 3.80 and a beta of 0.54. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The firm has a 50-day moving average of $47.19 and a 200-day moving average of $45.52.

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

NiSource Dividend Announcement

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 given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. NiSource’s dividend payout ratio is currently 59.70%.

Insider Activity at NiSource

In other news, 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 sale, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This represents a 7.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. 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 raised its stake in shares of 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 valued at $788,000 after buying an additional 225 shares during the last quarter. Tower Bridge Advisors lifted its holdings in shares of NiSource by 1.1% in the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after buying an additional 232 shares during the period. Choreo LLC lifted its holdings in shares of NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after buying an additional 234 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC boosted its stake in shares of NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

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.