NiSource, Inc $NI Shares Acquired by Tema ETFs LLC

Tema ETFs LLC increased its stake in NiSource, Inc (NYSE:NI) by 45.3% in the second quarter, HoldingsChannel.com reports. The firm owned 533,936 shares of the utilities provider’s stock after acquiring an additional 166,373 shares during the quarter. Tema ETFs LLC’s holdings in NiSource were worth $25,389,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NI. Zions Bancorporation National Association UT boosted its holdings in NiSource by 113.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after buying an additional 330 shares in the last quarter. Strive Financial Group LLC acquired a new position in NiSource during the fourth quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource in the fourth quarter valued at about $27,000. DV Equities LLC purchased a new position in NiSource in the fourth quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in shares of NiSource during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,500 shares of company stock worth $1,305,675 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NI. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Barclays dropped their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. Wells Fargo & Company upped their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.70.

NiSource Trading Up 0.5%

Shares of NI opened at $42.00 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The firm has a 50 day simple moving average of $46.18 and a 200-day simple moving average of $46.39. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The stock has a market cap of $20.14 billion, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 3.11 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is 63.83%.

NiSource 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.