De Lisle Partners LLP Invests $4.18 Million in NiSource, Inc $NI

De Lisle Partners LLP bought a new position in NiSource, Inc (NYSE:NI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 100,000 shares of the utilities provider’s stock, valued at approximately $4,176,000.

Several other large investors have also made changes to their positions in NI. 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. Godfrey Financial Associates Inc. bought a new stake in shares of NiSource in the 4th quarter worth about $30,000. Elyxium Wealth LLC bought a new stake in shares of NiSource in the 4th quarter worth about $33,000. Laurel Wealth Advisors LLC bought a new stake in shares of NiSource in the 4th quarter worth about $46,000. Finally, MUFG Securities EMEA plc bought a new stake in shares of NiSource in the 2nd quarter worth about $56,000. Institutional investors own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other news, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by company insiders.

NiSource Stock Performance

NiSource stock opened at $47.17 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98. The company has a market cap of $22.61 billion, a PE ratio of 23.47, a PEG ratio of 3.72 and a beta of 0.54. The company’s 50-day moving average is $47.24 and its two-hundred day moving average is $45.22.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS 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 period in the prior year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s dividend payout ratio is 59.70%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays upped their price target on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target on the stock. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $50.33.

NiSource Company 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.