NiSource (NYSE:NI) EVP Melody Birmingham Sells 37,509 Shares

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Melody Birmingham also recently made the following trade(s):

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00.

NiSource Stock Performance

NYSE:NI opened at $42.15 on Wednesday. The company’s 50-day moving average is $45.79 and its two-hundred day moving average is $46.33. 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 0.41. The firm has a market capitalization of $20.21 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 3.16 and a beta of 0.55.

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

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders 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 annualized dividend and a yield of 2.8%. NiSource’s dividend payout ratio (DPR) is 63.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NI shares. Evercore set a $52.00 price target on NiSource in a research note on Monday, May 11th. BMO Capital Markets cut their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Royal Bank Of Canada began coverage on shares of NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Finally, LADENBURG THALM/SH SH dropped their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Beacon Pointe Advisors LLC acquired a new stake in shares of NiSource in the second quarter valued at $233,000. Kimelman & Baird LLC acquired a new position in NiSource during the 2nd quarter worth about $663,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in NiSource during the 2nd quarter valued at about $276,000. Rakuten Investment Management Inc. purchased a new position in NiSource during the 2nd quarter valued at about $3,776,000. Finally, Empowered Funds LLC acquired a new position in NiSource in the 2nd quarter valued at about $2,318,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

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.