Wellington Management Group LLP Sells 453,226 Shares of NiSource, Inc $NI

Wellington Management Group LLP decreased its stake in NiSource, Inc (NYSE:NI) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,079,703 shares of the utilities provider’s stock after selling 453,226 shares during the quarter. Wellington Management Group LLP owned approximately 0.85% of NiSource worth $193,990,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NI. Compass Financial Management LLC bought a new position in shares of NiSource during the second quarter valued at $26,000. Zions Bancorporation National Association UT grew its holdings 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 purchasing an additional 330 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of NiSource in the 4th quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new stake in shares of NiSource in the 4th quarter worth about $27,000. Finally, DV Equities LLC acquired a new stake in shares of NiSource during the 4th quarter worth about $28,000. 91.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NI. Barclays reduced their price target on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada assumed coverage on NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Mizuho dropped their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a report on Wednesday, August 26th. Citigroup boosted their price objective on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, NiSource currently has an average rating of “Moderate Buy” and a consensus price target of $49.64.

NiSource Stock Up 0.8%

NYSE:NI opened at $40.91 on Tuesday. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 3.02 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The stock’s fifty day moving average price is $44.69 and its two-hundred day moving average price is $46.13. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21.

NiSource (NYSE:NI) last released its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $1.34 billion during 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 period last year, the firm earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts anticipate that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 63.83%.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president directly owned 78,527 shares in the company, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.