HBK Sorce Advisory LLC Takes $511,000 Position in NiSource, Inc $NI

HBK Sorce Advisory LLC purchased a new stake in NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 11,906 shares of the utilities provider’s stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NI. Zions Bancorporation National Association UT increased its holdings in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares during the period. Strive Financial Group LLC purchased a new stake in shares of NiSource in the 4th quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of NiSource during the 4th quarter worth $27,000. DV Equities LLC purchased a new position in shares of NiSource during the fourth quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of NiSource during the fourth quarter valued at $28,000. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

NI opened at $42.31 on Tuesday. The firm has a market capitalization of $20.29 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. 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 business’s 50-day moving average is $45.88 and its two-hundred day moving average is $46.35. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is 63.83%.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of research reports. LADENBURG THALM/SH SH lowered their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets cut their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a report on Tuesday, July 21st. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Finally, Wells Fargo & Company increased their price objective on shares of NiSource from $51.00 to $52.00 and gave the company 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 assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Buying and Selling 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 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 of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value 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. This trade represents a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.