NiSource, Inc $NI Shares Sold by Bollard Group LLC

Bollard Group LLC cut its position in NiSource, Inc (NYSE:NI) by 9.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,579 shares of the utilities provider’s stock after selling 15,294 shares during the quarter. Bollard Group LLC’s holdings in NiSource were worth $6,330,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of NI. Orion Porfolio Solutions LLC grew its stake in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. Norges Bank acquired a new stake in shares of NiSource in the fourth quarter valued at $336,852,000. Millennium Management LLC grew its stake in shares of NiSource by 2,288.8% in the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after buying an additional 3,033,764 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of NiSource in the fourth quarter valued at $100,965,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of NiSource in the third quarter valued at $84,086,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NI has been the subject of a number of research reports. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Barclays boosted their target price on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average target price of $50.33.

Insider Activity

In other news, EVP Melanie B. Berman sold 15,000 shares of the company’s 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 completion of the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,500 shares of company stock valued at $1,305,675. Insiders own 0.37% of the company’s stock.

NiSource Trading Up 1.2%

NI opened at $47.17 on Friday. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The stock has a market capitalization of $22.61 billion, a price-to-earnings ratio of 23.47, a PEG ratio of 3.77 and a beta of 0.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The business has a fifty day moving average price of $47.24 and a 200 day moving average price of $45.22.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The firm 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 previous year, the firm posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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

About NiSource

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.