NiSource, Inc $NI Holdings Boosted by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in NiSource, Inc (NYSE:NI) by 24.7% in the first quarter, HoldingsChannel.com reports. The fund owned 332,971 shares of the utilities provider’s stock after buying an additional 65,929 shares during the quarter. Quantinno Capital Management LP’s holdings in NiSource were worth $15,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in NI. Advisory Services Network LLC raised its position in shares of NiSource by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in NiSource by 1.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 225 shares during the period. Choreo LLC grew its stake in NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after buying an additional 234 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its stake in NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC lifted its stake in NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after buying an additional 246 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several analysts recently commented on NI shares. Citigroup raised their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays boosted their price target on shares of NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company upped their price target 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. Finally, BMO Capital Markets lowered their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Nine equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.30.

NiSource Trading Up 0.2%

Shares of NI stock opened at $44.52 on Monday. The stock has a 50-day simple moving average of $46.69 and a 200 day simple moving average of $46.41. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The stock has a market capitalization of $21.34 billion, a P/E ratio of 22.15, a P/E/G ratio of 3.25 and a beta of 0.55. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts expect that NiSource, Inc will post 2.09 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is presently 59.70%.

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.