Dai ichi Life Insurance Company Ltd Sells 15,046 Shares of NiSource, Inc $NI

Dai ichi Life Insurance Company Ltd lowered its stake in shares of NiSource, Inc (NYSE:NI) by 9.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 139,047 shares of the utilities provider’s stock after selling 15,046 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in NiSource were worth $6,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in NiSource by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock worth $37,228,000 after buying an additional 262,483 shares during the last quarter. Norges Bank purchased a new position in shares of NiSource during the 4th quarter valued at $336,852,000. Reaves W H & Co. Inc. grew its stake in shares of NiSource by 8.3% during the 4th quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock worth $226,537,000 after acquiring an additional 415,089 shares during the period. De Lisle Partners LLP bought a new position in shares of NiSource during the 4th quarter worth $4,176,000. Finally, Vestcor Inc increased its holdings in NiSource by 320.7% in the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock worth $2,750,000 after acquiring an additional 50,200 shares during the last quarter. 91.64% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NiSource

Here are the key news stories impacting NiSource this week:

• Positive Sentiment: KeyCorp kept an Overweight rating on NiSource and reiterated a $50 price target, implying upside from current levels and signaling continued analyst confidence in the utility’s valuation. Benzinga report
• Positive Sentiment: KeyCorp raised its FY2027, FY2028, and FY2029 EPS estimates for NiSource, suggesting improving earnings power over the next several years and supporting the stock’s longer-term investment case.
• Positive Sentiment: Wells Fargo reportedly initiated or maintained a Buy view on NiSource, adding to the positive analyst backdrop around the stock. Nisource (NI) Gets a Buy from Wells Fargo
• Neutral Sentiment: KeyCorp trimmed near-term EPS estimates for Q2, Q3, and Q4 2026, which may temper enthusiasm somewhat, but the reductions were relatively small and did not change the firm’s overall positive stance.
• Neutral Sentiment: Consensus full-year earnings remain at about $2.05 per share, so the latest analyst revisions do not materially alter the broad earnings outlook yet.

Insiders Place Their Bets

In other news, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 over the last 90 days. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NI. Wells Fargo & Company upped their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. BMO Capital Markets reduced their target price 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. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Tuesday. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. Finally, Royal Bank Of Canada assumed coverage on shares of NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average target price of $50.30.

NiSource Trading Down 0.2%

Shares of NiSource stock opened at $46.66 on Friday. The company’s 50-day moving average price is $46.90 and its 200-day moving average price is $46.26. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.47 and a beta of 0.55.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter in the previous year, the company earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts expect that NiSource, Inc will post 2.08 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is 59.70%.

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.