Kestra Private Wealth Services LLC Has $874,000 Stake in NiSource, Inc $NI

Kestra Private Wealth Services LLC raised its position in NiSource, Inc (NYSE:NI) by 240.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 18,739 shares of the utilities provider’s stock after buying an additional 13,231 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in NiSource were worth $874,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in NI. Advisory Services Network LLC boosted its position in shares of NiSource by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after acquiring an additional 220 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in NiSource by 1.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after purchasing an additional 225 shares in the last quarter. Tower Bridge Advisors raised its position in NiSource by 1.1% during the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after purchasing an additional 232 shares in the last quarter. Choreo LLC lifted its stake in NiSource by 2.7% during the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after purchasing an additional 234 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC lifted its stake in NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 240 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NiSource

In other news, 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 transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction on Thursday, May 14th. The stock was 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 in the company, valued at approximately $5,563,653.81. This trade represents a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock valued at $1,305,675 in the last ninety days. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on NI. Evercore set a $52.00 price target on NiSource in a research note on Monday, May 11th. Royal Bank Of Canada started coverage on NiSource in a research report on Wednesday. They set an “outperform” rating and a $52.00 price objective for the company. KeyCorp assumed coverage on NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Finally, Citigroup increased their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.50.

NiSource Stock Performance

Shares of NI stock opened at $46.88 on Thursday. The firm has a market capitalization of $22.48 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The business’s 50-day moving average price is $47.20 and its 200-day moving average price is $45.70. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21.

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

NiSource Dividend Announcement

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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend 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.