United Capital Financial Advisors LLC Takes $671,000 Position in NiSource, Inc $NI

United Capital Financial Advisors LLC acquired a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 14,117 shares of the utilities provider’s stock, valued at approximately $671,000.

A number of other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new position in NiSource in the second quarter valued at about $2,613,234,000. T. Rowe Price Investment Management Inc. increased its position in shares of NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. State Street Corp lifted its stake in shares of NiSource by 4.5% in the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after purchasing an additional 1,154,351 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after purchasing an additional 16,836,630 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of NiSource by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after buying an additional 245,110 shares during the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the sale, the executive vice president owned 78,527 shares in the company, valued at $3,329,544.80. The trade was a 32.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

NiSource Price Performance

Shares of NI opened at $40.57 on Monday. The business’s 50 day moving average is $44.82 and its 200 day moving average is $46.15. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a market capitalization of $19.46 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 3.02 and a beta of 0.55.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the prior year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.0%. NiSource’s dividend payout ratio is currently 63.83%.

Analyst Upgrades and Downgrades

NI has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. LADENBURG THALM/SH SH dropped their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. Barclays cut their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Mizuho reduced their price objective on NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, KeyCorp decreased their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $49.64.

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.