Stevens Capital Partners Makes New $673,000 Investment in NiSource, Inc $NI

Stevens Capital Partners purchased a new stake in NiSource, Inc (NYSE:NI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,164 shares of the utilities provider’s stock, valued at approximately $673,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT increased its position in shares of NiSource by 113.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of NiSource during the fourth quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in NiSource in the 4th quarter valued at $27,000. DV Equities LLC bought a new stake in NiSource in the 4th quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in NiSource in the 4th quarter worth $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Trading Down 0.5%

NYSE NI opened at $42.15 on Wednesday. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The stock has a 50 day moving average of $45.79 and a 200-day moving average of $46.33. The company has a market cap of $20.21 billion, a PE ratio of 22.42, a PEG ratio of 3.16 and a beta of 0.55.

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

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. NiSource’s payout ratio is currently 63.83%.

Insider Activity

In related news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were 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 directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NI has been the subject of a number of research reports. BMO Capital Markets lowered their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Finally, Wells Fargo & Company lifted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.82.

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.