Oxford Financial Group LTD. LLC Takes $1.60 Million Position in NiSource, Inc $NI

Oxford Financial Group LTD. LLC purchased a new position in shares of NiSource, Inc (NYSE:NI) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 33,563 shares of the utilities provider’s stock, valued at approximately $1,596,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of NiSource by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after purchasing an additional 1,032,630 shares in the last quarter. BlackRock Inc. bought a new position in shares of NiSource during the second quarter worth about $2,613,234,000. T. Rowe Price Investment Management Inc. grew its stake in NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares in the last quarter. State Street Corp grew its stake in NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Price Performance

NI opened at $41.69 on Friday. The firm has a market cap of $19.99 billion, a price-to-earnings ratio of 22.18, a price-to-earnings-growth ratio of 3.10 and a beta of 0.55. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The company’s 50-day moving average price is $45.60 and its 200 day moving average price is $46.29. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

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

NiSource Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on NI shares. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Royal Bank Of Canada began coverage on NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. BMO Capital Markets reduced their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, LADENBURG THALM/SH SH reduced their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.82.

Insider Activity

In related news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

NiSource 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.