Miller Howard Investments Inc. NY Has $9.04 Million Stock Position in NiSource, Inc $NI

Miller Howard Investments Inc. NY lowered its holdings in shares of NiSource, Inc (NYSE:NI) by 25.9% during the first quarter, Holdings Channel reports. The firm owned 193,840 shares of the utilities provider’s stock after selling 67,795 shares during the period. Miller Howard Investments Inc. NY’s holdings in NiSource were worth $9,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Strive Financial Group LLC bought a new stake in NiSource in the fourth quarter worth $26,000. Zions Bancorporation National Association UT raised its holdings in NiSource by 113.8% during the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after buying an additional 330 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource in the fourth quarter worth about $27,000. DV Equities LLC acquired a new stake in shares of NiSource in the fourth quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NiSource during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction on 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 owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was 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 in the company, valued at approximately $5,503,587.48. The trade was a 2.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,500 shares of company stock valued at $1,305,675 over the last three months. 0.37% of the stock is owned by company insiders.

Analyst Ratings Changes

NI has been the topic of a number of analyst reports. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. BMO Capital Markets restated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Citigroup increased 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. Finally, KeyCorp started coverage on shares of NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.33.

NiSource Trading Down 0.7%

NiSource stock opened at $47.31 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The business’s 50-day simple moving average is $47.18 and its 200-day simple moving average is $45.44. The firm has a market capitalization of $22.68 billion, a PE ratio of 23.54, a PEG ratio of 3.80 and a beta of 0.54. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98.

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

NiSource Dividend Announcement

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

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.