Janus Henderson Group PLC Boosts Stake in NiSource, Inc $NI

Janus Henderson Group PLC lifted its holdings in NiSource, Inc (NYSE:NI) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,033 shares of the utilities provider’s stock after buying an additional 15,237 shares during the period. Janus Henderson Group PLC’s holdings in NiSource were worth $2,895,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NI. Advisory Services Network LLC boosted its position in NiSource by 1.5% in the fourth 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of 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 worth $788,000 after purchasing an additional 225 shares during the period. Choreo LLC boosted its holdings in shares of NiSource by 2.7% in 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 boosted its holdings in shares of NiSource by 1.6% in 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 grew its position in NiSource by 1.1% during 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 period. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on NI shares. Citigroup lifted their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. KeyCorp lowered their price target on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. BMO Capital Markets dropped their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Royal Bank Of Canada started coverage on NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.70.

NiSource Trading Down 1.6%

Shares of NI stock opened at $42.69 on Friday. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.17 and a beta of 0.55. The company’s fifty day simple moving average is $46.33 and its two-hundred day simple moving average is $46.40. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.56.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. NiSource’s payout ratio is currently 63.83%.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred 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 sale, 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. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 in the last ninety days. 0.37% of the stock is currently owned by insiders.

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.