NiSource, Inc $NI Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in shares of NiSource, Inc (NYSE:NI) by 4.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,297 shares of the utilities provider’s stock after selling 11,743 shares during the quarter. NiSource makes up approximately 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 22nd largest position. Edgestream Partners L.P. owned about 0.05% of NiSource worth $11,912,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Kentucky Retirement Systems acquired a new stake in NiSource during the 1st quarter worth $1,207,000. Janus Henderson Group PLC raised its position in shares of NiSource by 32.6% in the first quarter. Janus Henderson Group PLC now owns 62,033 shares of the utilities provider’s stock valued at $2,895,000 after buying an additional 15,237 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of NiSource by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 9,372 shares of the utilities provider’s stock worth $437,000 after buying an additional 592 shares in the last quarter. Altshuler Shaham Ltd lifted its stake in shares of NiSource by 12.5% in the first quarter. Altshuler Shaham Ltd now owns 6,503 shares of the utilities provider’s stock worth $303,000 after buying an additional 725 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in NiSource by 5.6% during the first quarter. EverSource Wealth Advisors LLC now owns 7,375 shares of the utilities provider’s stock worth $344,000 after acquiring an additional 394 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NiSource

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

NiSource Trading Down 2.0%

Shares of NI stock opened at $44.82 on Thursday. The company’s 50-day moving average price is $46.81 and its 200-day moving average price is $46.38. 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 $21.49 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 3.35 and a beta of 0.55. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.21.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the prior year, the firm posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts predict that NiSource, Inc will post 2.08 earnings per share for the current year.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.7%. NiSource’s dividend payout ratio is 59.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NI. BMO Capital Markets dropped their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Wells Fargo & Company raised their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Barclays boosted their target price on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a report on Monday, July 20th. Royal Bank Of Canada began coverage on NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target for the company. Finally, Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.30.

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.