Insider Selling: NiSource (NYSE:NI) EVP Sells $118,575.00 in Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Melody Birmingham also recently made the following trade(s):

• On Thursday, May 14th, Melody Birmingham sold 10,000 shares of NiSource stock. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00.

NiSource Price Performance

Shares of NiSource stock opened at $47.90 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a fifty-two week low of $38.36 and a fifty-two week high of $48.98. The firm has a fifty day moving average price of $47.19 and a two-hundred day moving average price of $44.86. The company has a market cap of $22.96 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 3.82 and a beta of 0.57.

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, meeting analysts’ consensus estimates of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the prior year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

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 paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. NiSource’s dividend payout ratio is currently 59.70%.

Institutional Trading of NiSource

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after buying an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after buying an additional 8,240,227 shares during the last quarter. State Street Corp grew its stake in NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after buying an additional 1,154,351 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in NiSource by 2.0% during 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. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Evercore set a $52.00 price objective on shares of NiSource in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective for the company. Citigroup increased their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, NiSource presently has an average rating of “Moderate Buy” and an average target price of $50.33.

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.