NiSource (NYSE:NI) EVP Sells $1,590,381.60 in Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 37,509 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents 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 the SEC website.

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

NI stock opened at $41.69 on Friday. 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 firm has a market cap of $19.99 billion, a PE ratio of 22.18, a P/E/G ratio of 3.10 and a beta of 0.55. The business’s 50-day moving average price is $45.60 and its two-hundred day moving average price is $46.29.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same period in the prior year, the company earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is 63.83%.

Hedge Funds Weigh In On NiSource

Institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in NiSource by 1.5% during the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after purchasing an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of 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 purchasing an additional 225 shares during the period. Choreo LLC lifted its stake in shares of NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after buying an additional 234 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in NiSource by 1.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after buying an additional 240 shares during the period. Finally, Prosperity Consulting Group LLC boosted its holdings in NiSource by 1.1% in the 3rd 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 period. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on NI. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. LADENBURG THALM/SH SH decreased their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets reduced their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

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.