National Pension Service Boosts Stock Holdings in NiSource, Inc $NI

National Pension Service raised its position in NiSource, Inc (NYSE:NI) by 68.3% during the second quarter, HoldingsChannel.com reports. The firm owned 74,156 shares of the utilities provider’s stock after buying an additional 30,098 shares during the quarter. National Pension Service’s holdings in NiSource were worth $3,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Compass Financial Management LLC purchased a new position in NiSource in the 2nd quarter valued at about $26,000. Zions Bancorporation National Association UT boosted its holdings in NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares during the period. Strive Financial Group LLC bought a new stake in shares of NiSource during the 4th quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of NiSource during the fourth quarter valued at approximately $27,000. Finally, DV Equities LLC acquired a new stake in NiSource in the fourth quarter worth $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NiSource stock opened at $41.46 on Monday. 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 firm has a fifty day simple moving average of $43.56 and a 200-day simple moving average of $45.85. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 3.09 and a beta of 0.54. NiSource, Inc has a 1-year low of $39.29 and a 1-year high of $49.21.

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

NiSource Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NI. KeyCorp cut their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Royal Bank Of Canada started coverage on shares of NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 target price for the company. LADENBURG THALM/SH SH dropped their target price on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a report on Monday, August 17th. BMO Capital Markets lowered their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Ten investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $49.64.

Insider Activity

In other news, 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 directly owned 78,527 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.37% of the company’s stock.

NiSource Company Profile

NiSource Inc (NYSE: NI) is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.