ING Groep NV Buys Shares of 61,671 NiSource, Inc $NI

ING Groep NV purchased 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 firm purchased 61,671 shares of the utilities provider’s stock, valued at approximately $2,575,000.

Several other institutional investors also recently added to or reduced their stakes in NI. Capital International Investors boosted its holdings in shares of NiSource by 0.4% in the 4th quarter. Capital International Investors now owns 8,167,328 shares of the utilities provider’s stock valued at $341,068,000 after buying an additional 31,171 shares in the last quarter. Havemeyer Place LP purchased a new position in shares of NiSource in the 4th quarter valued at approximately $610,000. Vestcor Inc raised its position in shares of NiSource by 320.7% in the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock valued at $2,750,000 after purchasing an additional 50,200 shares during the last quarter. Pinebridge Investments LLC purchased a new position in NiSource during the 4th quarter worth approximately $849,000. Finally, WINTON GROUP Ltd raised its position in NiSource by 24.9% during the 4th quarter. WINTON GROUP Ltd now owns 33,269 shares of the utilities provider’s stock worth $1,389,000 after buying an additional 6,628 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Activity

In related news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock valued at $1,305,675 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

NiSource Stock Performance

Shares of NiSource stock opened at $46.32 on Wednesday. The firm has a market capitalization of $22.21 billion, a P/E ratio of 23.05, a P/E/G ratio of 3.66 and a beta of 0.54. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The firm’s 50 day moving average is $47.23 and its two-hundred day moving average is $45.15.

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

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors 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 annualized dividend and a yield of 2.6%. NiSource’s payout ratio is presently 59.70%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company lifted their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. BMO Capital Markets reissued an “outperform” rating and set a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. Finally, Evercore set a $52.00 target price on shares of NiSource in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NiSource has an average rating of “Moderate Buy” and an average price target of $50.33.

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.