299,542 Shares in NiSource, Inc $NI Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. bought a new position in shares of NiSource, Inc (NYSE:NI) during the second quarter, HoldingsChannel.com reports. The firm bought 299,542 shares of the utilities provider’s stock, valued at approximately $14,243,000.

Several other large investors also recently bought and sold shares of the company. Strive Financial Group LLC purchased a new position in shares of NiSource in the fourth quarter valued at $26,000. Zions Bancorporation National Association UT boosted its position in shares of NiSource by 113.8% in the 4th 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 in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource in the 4th quarter valued at about $27,000. DV Equities LLC acquired a new stake in NiSource in the 4th quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in NiSource in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was 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 disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by company insiders.

NiSource Trading Down 1.2%

Shares of NiSource stock opened at $41.61 on Thursday. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. The firm has a market cap of $19.96 billion, a PE ratio of 22.13, a P/E/G ratio of 3.13 and a beta of 0.55. The business’s fifty day moving average is $45.69 and its two-hundred day moving average is $46.31. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

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

NiSource Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 63.83%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NI shares. KeyCorp cut their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. BMO Capital Markets reduced their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a report on Friday, July 17th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Finally, Barclays cut their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

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.