SummitTX Capital L.P. Increases Holdings in NiSource, Inc $NI

SummitTX Capital L.P. increased its holdings in NiSource, Inc (NYSE:NI) by 75.4% in the first quarter, Holdings Channel.com reports. The firm owned 239,481 shares of the utilities provider’s stock after acquiring an additional 102,961 shares during the period. SummitTX Capital L.P.’s holdings in NiSource were worth $11,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Zions Bancorporation National Association UT increased 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 buying an additional 330 shares during the period. Strive Financial Group LLC bought a new position in NiSource during the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in NiSource during the 4th quarter worth approximately $27,000. DV Equities LLC purchased a new position in NiSource in the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NiSource in the 4th quarter worth approximately $28,000. Institutional investors own 91.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NI. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. KeyCorp cut their price target on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday. Barclays boosted their price objective on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Wells Fargo & Company raised their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets reduced their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.30.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction dated 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 directly owned 117,899 shares in the company, valued at $5,563,653.81. This represents a 7.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 27,500 shares of company stock worth $1,305,675 over the last 90 days. Company insiders own 0.37% of the company’s stock.

NiSource Stock Down 0.1%

Shares of NYSE:NI opened at $46.66 on Monday. The stock has a fifty day simple moving average of $46.90 and a two-hundred day simple moving average of $46.29. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.42 and a beta of 0.55. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. 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 (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period 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, research analysts anticipate that NiSource, Inc will post 2.08 earnings per share for the current fiscal year.

NiSource Announces Dividend

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

NiSource News Summary

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.

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.