Melody Birmingham Sells 10,000 Shares of NiSource (NYSE:NI) Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the sale, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 value of $118,575.00.

NiSource Stock Performance

Shares of NI traded up $0.74 during midday trading on Thursday, reaching $47.76. 4,472,092 shares of the stock were exchanged, compared to its average volume of 4,333,381. The business’s 50-day moving average price is $47.13 and its 200 day moving average price is $44.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a twelve month low of $38.13 and a twelve month high of $48.98. The company has a market capitalization of $22.90 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 3.79 and a beta of 0.57.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. 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 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s payout ratio is 59.70%.

Analysts Set New Price Targets

NI has been the topic of a number of research analyst reports. Barclays lifted their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Wells Fargo & Company boosted their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $52.00 price target on NiSource in a research report on Monday, May 11th. Finally, KeyCorp initiated coverage on NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Hedge Funds Weigh In On NiSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Zions Bancorporation National Association UT increased its position in NiSource by 113.8% during the 4th 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 acquired a new position in NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC acquired a new position in NiSource during the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of NiSource during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

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.