Nykredit A S Purchases New Shares in NiSource, Inc $NI

Nykredit A S acquired a new position in NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 143,857 shares of the utilities provider’s stock, valued at approximately $6,840,000.

Other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC grew its position in shares of NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 11,452 shares during the period. Woodline Partners LP boosted its position in NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in NiSource in the first quarter valued at approximately $105,000. Bank of Nova Scotia grew its holdings in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. purchased a new stake in shares of NiSource in the second quarter valued at approximately $1,054,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the sale, the executive vice president directly owned 78,527 shares of the company’s stock, 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 is available through this link. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Royal Bank Of Canada started coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. Barclays cut their price target on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. KeyCorp reduced their price objective 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. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. Finally, BMO Capital Markets lowered their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.64.

NiSource Stock Performance

NYSE:NI opened at $41.36 on Friday. NiSource, Inc has a 52 week low of $39.29 and a 52 week high of $49.21. The company has a market cap of $19.83 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 3.09 and a beta of 0.54. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The company has a fifty day simple moving average of $44.16 and a two-hundred day simple moving average of $46.01.

NiSource (NYSE:NI) last announced its quarterly 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 for the quarter, compared to analyst estimates of $1.15 billion. NiSource had a net margin of 13.20% and a return on equity of 7.95%. During the same period in the prior year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.

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.