143,857 Shares in NiSource, Inc $NI Purchased by Nykredit A S

Nykredit A S acquired a new stake in NiSource, Inc (NYSE:NI) in the second quarter, HoldingsChannel.com reports. The fund acquired 143,857 shares of the utilities provider’s stock, valued at approximately $6,840,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of NiSource during the 2nd quarter worth $2,613,234,000. T. Rowe Price Investment Management Inc. grew 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 buying an additional 8,240,227 shares during the period. State Street Corp increased its holdings in NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after buying an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC increased its holdings in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of NiSource by 2.0% during 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 period. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

NI has been the topic of a number of research reports. KeyCorp lowered their price target on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Citigroup boosted their target price on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Mizuho lowered their target price on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Finally, Barclays dropped their price target on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $49.64.

NiSource Trading Down 0.7%

Shares of NI opened at $41.36 on Friday. 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 $44.16 and a 200-day simple moving average of $46.01. NiSource, Inc has a 1-year low of $39.29 and a 1-year high of $49.21. The stock has a market cap of $19.83 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54.

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. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.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 Announces Dividend

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

Insider Buying and Selling

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

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.