J. Safra Sarasin Holding AG Reduces Stock Position in NiSource, Inc $NI

J. Safra Sarasin Holding AG cut its holdings in NiSource, Inc (NYSE:NI) by 89.2% during the first quarter, Holdings Channel reports. The institutional investor owned 6,707 shares of the utilities provider’s stock after selling 55,606 shares during the period. J. Safra Sarasin Holding AG’s holdings in NiSource were worth $313,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of 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 shares of NiSource by 1.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 225 shares in the last quarter. Choreo LLC raised its position in shares of NiSource by 2.7% during the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 234 shares in the last quarter. 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. Finally, Prosperity Consulting Group LLC lifted its stake in NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after purchasing an additional 246 shares during the last quarter. 91.64% of the stock is owned by hedge funds and other institutional investors.

NiSource Trading Up 1.2%

NYSE:NI opened at $46.27 on Friday. The company has a market capitalization of $22.18 billion, a PE ratio of 23.02, a P/E/G ratio of 3.40 and a beta of 0.55. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. The stock’s 50 day moving average price is $47.00 and its 200 day moving average price is $46.12. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates 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 return on equity of 8.31% and a net margin of 14.15%.During the same quarter 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. On average, research analysts anticipate 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. Investors of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio is 59.70%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NI shares. Wells Fargo & Company increased their price target 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. Royal Bank Of Canada began coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Evercore set a $52.00 target price on shares of NiSource in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Finally, KeyCorp started coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target on the stock. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Insiders Place Their Bets

In related news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $715,200.00. Following the completion of the transaction, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by company 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.