NiSource, Inc $NI Shares Bought by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. raised its stake in NiSource, Inc (NYSE:NI) by 19.0% during the 4th quarter, HoldingsChannel reports. The firm owned 51,504,257 shares of the utilities provider’s stock after acquiring an additional 8,240,227 shares during the period. NiSource accounts for 1.4% of T. Rowe Price Investment Management Inc.’s portfolio, making the stock its 13th biggest position. T. Rowe Price Investment Management Inc. owned about 0.11% of NiSource worth $2,150,818,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NI. ANTIPODES PARTNERS Ltd purchased a new position in shares of NiSource during the 3rd quarter worth approximately $84,086,000. Magellan Asset Management Ltd boosted its stake in shares of NiSource by 7.5% in the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock valued at $15,985,000 after buying an additional 25,721 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of NiSource in the third quarter valued at approximately $1,154,000. BNP Paribas Financial Markets grew its holdings in NiSource by 41.7% during the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock worth $37,228,000 after acquiring an additional 262,483 shares during the period. Finally, Capital International Investors grew its holdings in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after acquiring an additional 1,065,591 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Performance

NI opened at $47.20 on Friday. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $48.98. The stock has a market cap of $22.63 billion, a P/E ratio of 23.48, a P/E/G ratio of 3.73 and a beta of 0.54. The stock’s 50 day simple moving average is $47.22 and its 200 day simple moving average is $45.33. 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 (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. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period in the previous year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date 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%.

Insider Activity

In related news, EVP Melanie B. Berman sold 15,000 shares of the 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 sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the firm’s 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 transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock worth $1,305,675 over the last quarter. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Evercore set a $52.00 price objective on NiSource in a research report on Monday, May 11th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. KeyCorp started coverage on shares of NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $50.33.

About NiSource

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.