Rockefeller Capital Management L.P. Has $28.86 Million Stock Holdings in NiSource, Inc $NI

Rockefeller Capital Management L.P. lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 48.5% during the 4th quarter, Holdings Channel reports. The firm owned 691,175 shares of the utilities provider’s stock after purchasing an additional 225,739 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in NiSource were worth $28,864,000 at the end of the most recent quarter.

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

Insider Activity

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by insiders.

NiSource Price Performance

Shares of NI opened at $47.62 on Tuesday. The business’s fifty day moving average is $47.19 and its 200 day moving average is $45.40. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $48.98. 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 stock has a market cap of $22.83 billion, a P/E ratio of 23.69, a P/E/G ratio of 3.77 and a beta of 0.55.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS 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 business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter in the previous year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource’s payout ratio is presently 59.70%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NI. BMO Capital Markets reissued an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Wells Fargo & Company raised their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, KeyCorp initiated coverage on NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus 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.