Sterling Capital Management LLC Reduces Position in NiSource, Inc $NI

Sterling Capital Management LLC trimmed its position in NiSource, Inc (NYSE:NI) by 21.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,936 shares of the utilities provider’s stock after selling 15,101 shares during the period. Sterling Capital Management LLC’s holdings in NiSource were worth $2,563,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT grew its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 330 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of NiSource during the fourth quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource during the fourth quarter worth about $27,000. DV Equities LLC purchased a new stake in NiSource in the fourth quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in NiSource in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NiSource stock opened at $48.98 on Monday. The firm has a market cap of $23.48 billion, a PE ratio of 24.37, a P/E/G ratio of 3.92 and a beta of 0.55. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.08. 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 business has a 50-day moving average price of $47.23 and a 200 day moving average price of $45.57.

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

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is presently 59.70%.

Insider Buying and Selling at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. 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 for the company. BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Barclays boosted their target price on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company 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.