NiSource (NYSE:NI) EVP Melody Birmingham Sells 10,000 Shares of Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Melody Birmingham also recently made the following trade(s):

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00.

NiSource Stock Up 1.6%

Shares of NI opened at $47.76 on Friday. NiSource, Inc has a one year low of $38.13 and a one year high of $48.98. The company has a market cap of $22.90 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The firm has a 50 day simple moving average of $47.16 and a two-hundred day simple moving average of $44.84.

NiSource (NYSE:NI) last announced 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. 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 the consensus estimate of $2.52 billion. During the same period in the previous year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

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

Institutional Trading of NiSource

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. ANTIPODES PARTNERS Ltd bought a new stake in shares of NiSource in the third quarter worth $84,086,000. Magellan Asset Management Ltd grew its stake in shares of NiSource by 7.5% in the third quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock worth $15,985,000 after purchasing an additional 25,721 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of NiSource in the third quarter worth $1,154,000. Capital International Investors grew its stake in shares of NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after purchasing an additional 1,065,591 shares during the last quarter. Finally, Alkeon Capital Management LLC grew its stake in shares of NiSource by 21.0% in the third quarter. Alkeon Capital Management LLC now owns 3,100,500 shares of the utilities provider’s stock worth $134,252,000 after purchasing an additional 539,000 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price on the stock. Citigroup boosted their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Finally, Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average target price of $50.33.

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.