Melody Birmingham Sells 2,500 Shares of NiSource (NYSE:NI) Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, May 14th, Melody Birmingham sold 10,000 shares of NiSource stock. The stock was sold at an average price of $47.19, for a total value of $471,900.00.

NiSource Stock Performance

NI stock opened at $47.90 on Friday. The company has a 50-day simple moving average of $47.19 and a 200 day simple moving average of $44.86. The company has a market capitalization of $22.96 billion, a P/E ratio of 23.83, a PEG ratio of 3.81 and a beta of 0.57. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. NiSource, Inc has a fifty-two week low of $38.36 and a fifty-two week high of $48.98.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter last year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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

Institutional Investors Weigh In On NiSource

Institutional investors have recently bought and sold shares of the business. Zions Bancorporation National Association UT boosted its holdings 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 purchasing an additional 330 shares during the period. Strive Financial Group LLC purchased a new stake in NiSource in the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource during the 4th quarter valued at $27,000. DV Equities LLC purchased a new position in shares of NiSource during the 4th quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NiSource in the fourth quarter worth $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on NI shares. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Wells Fargo & Company increased 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. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Citigroup upped their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average price target of $50.33.

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.