NiSource, Inc $NI Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC trimmed its position in shares of NiSource, Inc (NYSE:NI) by 21.6% in the 1st quarter, Holdings Channel reports. The firm owned 54,936 shares of the utilities provider’s stock after selling 15,101 shares during the period. Sterling Capital Management LLC’s holdings in NiSource were worth $2,563,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of NiSource by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after buying an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares during the last quarter. State Street Corp grew its stake in NiSource by 4.5% during the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after acquiring an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC raised its holdings in NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after acquiring an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after acquiring an additional 245,110 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction that occurred 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 directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. The trade was a 7.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. KeyCorp began coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Barclays increased their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.33.

NiSource Price Performance

NYSE:NI opened at $48.98 on Monday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.08. The stock’s fifty day moving average is $47.23 and its two-hundred day moving average is $45.57. The company has a market capitalization of $23.48 billion, a P/E ratio of 24.37, a P/E/G ratio of 3.92 and a beta of 0.55. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The business 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 period in the prior year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend 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.