743,163 Shares in NiSource, Inc $NI Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 743,163 shares of the utilities provider’s stock, valued at approximately $35,337,000.

Other hedge funds have also added to or reduced their stakes in the company. Compass Financial Management LLC bought a new position in shares of NiSource during the 2nd quarter valued at $26,000. Strive Financial Group LLC bought a new stake in shares of NiSource in the fourth quarter worth $26,000. Zions Bancorporation National Association UT grew its holdings in shares of NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of NiSource in the fourth quarter worth $27,000. Finally, DV Equities LLC purchased a new stake in NiSource during the fourth quarter valued at $28,000. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NI. BMO Capital Markets lowered their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. LADENBURG THALM/SH SH reduced their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday, August 17th. KeyCorp lowered their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company increased their price objective on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.64.

NiSource Trading Down 0.4%

Shares of NI stock opened at $40.95 on Friday. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The firm has a fifty day moving average price of $44.96 and a 200-day moving average price of $46.18. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 3.06 and a beta of 0.55.

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

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be given a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. NiSource’s dividend payout ratio is presently 63.83%.

Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.

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.