DJE Kapital AG Purchases New Position in NiSource, Inc $NI

DJE Kapital AG acquired a new position in shares of NiSource, Inc (NYSE:NI) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 139,900 shares of the utilities provider’s stock, valued at approximately $6,521,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Orion Porfolio Solutions LLC lifted its holdings in shares of 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 worth $680,411,000 after buying an additional 16,836,630 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of 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 valued at $2,150,818,000 after buying an additional 8,240,227 shares during the period. Norges Bank bought a new stake in shares of NiSource in the fourth quarter valued at about $336,852,000. Millennium Management LLC lifted its stake in 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 during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in NiSource in the fourth quarter worth about $100,965,000. 91.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. KeyCorp initiated coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. Barclays upped their price target on shares of NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company lifted their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup increased their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Insider Transactions at NiSource

In other news, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was 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 $5,563,653.81. This trade represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,500 shares of company stock worth $1,305,675 over the last three months. Corporate insiders own 0.37% of the company’s stock.

NiSource Trading Down 1.4%

NYSE NI opened at $45.33 on Tuesday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a fifty day simple moving average of $46.95 and a two-hundred day simple moving average of $46.17. 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 stock has a market cap of $21.73 billion, a P/E ratio of 22.55, a P/E/G ratio of 3.42 and a beta of 0.55.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The firm 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 earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. 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 currently 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.