Wellington Management Group LLP Has $193.99 Million Stock Holdings in NiSource, Inc $NI

Wellington Management Group LLP decreased its holdings in shares of NiSource, Inc (NYSE:NI) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,079,703 shares of the utilities provider’s stock after selling 453,226 shares during the period. Wellington Management Group LLP’s holdings in NiSource were worth $193,990,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Advisory Services Network LLC grew its stake in shares of NiSource by 1.5% during 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 period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in NiSource by 1.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after buying an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after buying an additional 240 shares during the period. Prosperity Consulting Group LLC boosted its holdings in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after buying an additional 246 shares during the last quarter. Finally, World Investment Advisors boosted its holdings in NiSource by 3.2% during the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $308,000 after buying an additional 247 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

NiSource Stock Up 0.8%

NYSE:NI opened at $40.91 on Tuesday. NiSource, Inc has a 1 year low of $38.45 and a 1 year 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 market cap of $19.62 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 3.02 and a beta of 0.55. The stock has a 50-day moving average price of $44.69 and a two-hundred day moving average price of $46.13.

NiSource (NYSE:NI) last released 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 company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter last year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts expect that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.

Insider Buying and Selling

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on NI shares. BMO Capital Markets lowered their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. LADENBURG THALM/SH SH reduced their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Royal Bank Of Canada initiated coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Finally, KeyCorp lowered their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

NiSource Company 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.