Sanctuary Advisors LLC Makes New $3.44 Million Investment in NiSource, Inc $NI

Sanctuary Advisors LLC acquired a new stake in NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 72,418 shares of the utilities provider’s stock, valued at approximately $3,443,000.

Several other large investors have also recently made changes to their positions in NI. BlackRock Inc. purchased a new position in NiSource in the second quarter valued at about $2,613,234,000. BNP Paribas Financial Markets increased its stake in shares of NiSource by 41.7% during the 4th quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock worth $37,228,000 after purchasing an additional 262,483 shares during the last quarter. Norges Bank purchased a new stake in shares of NiSource during the 4th quarter worth approximately $336,852,000. Reaves W H & Co. Inc. increased its stake in shares of NiSource by 8.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock worth $226,537,000 after purchasing an additional 415,089 shares during the last quarter. Finally, De Lisle Partners LLP bought a new stake in shares of NiSource in the 4th quarter worth approximately $4,176,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Stock Performance

Shares of NI stock opened at $40.71 on Wednesday. The firm’s 50 day moving average is $45.19 and its 200 day moving average is $46.22. The stock has a market capitalization of $19.52 billion, a P/E ratio of 21.65, a PEG ratio of 3.04 and a beta of 0.55. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current 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 given a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource’s payout ratio is 63.83%.

Analyst Ratings Changes

Several brokerages have weighed in on NI. Wells Fargo & Company increased their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. KeyCorp lowered their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Citigroup upped their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Royal Bank Of Canada assumed coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. Finally, Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares in the company, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

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.