Capital International Investors Purchases 31,171 Shares of NiSource, Inc $NI

Capital International Investors grew its position in shares of NiSource, Inc (NYSE:NI) by 0.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,167,328 shares of the utilities provider’s stock after acquiring an additional 31,171 shares during the period. Capital International Investors’ holdings in NiSource were worth $341,068,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Godfrey Financial Associates Inc. bought a new position in shares of NiSource during the 4th quarter valued at about $30,000. REAP Financial Group LLC bought a new position in shares of NiSource during the 3rd quarter valued at about $32,000. Elyxium Wealth LLC bought a new position in shares of NiSource during the 4th quarter valued at about $33,000. Laurel Wealth Advisors LLC bought a new position in shares of NiSource during the 4th quarter valued at about $46,000. Finally, Sentry Investment Management LLC bought a new position in shares of NiSource during the 3rd quarter valued at about $52,000. 91.64% of the stock is currently owned by institutional investors.

Insider Activity at NiSource

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares in the company, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,500 shares of company stock valued at $1,305,675. Company insiders own 0.37% of the company’s stock.

NiSource Price Performance

NI opened at $46.60 on Monday. The stock’s 50 day simple moving average is $47.22 and its 200 day simple moving average is $45.11. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98. The firm has a market cap of $22.34 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.72 and a beta of 0.54.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 59.70%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NI shares. Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. Citigroup raised their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Wells Fargo & Company raised their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. BMO Capital Markets restated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. Finally, Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

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.