Pacer Advisors Inc. Has $2.17 Million Holdings in NiSource, Inc $NI

Pacer Advisors Inc. trimmed its position in shares of NiSource, Inc (NYSE:NI) by 22.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 46,440 shares of the utilities provider’s stock after selling 13,499 shares during the period. Pacer Advisors Inc.’s holdings in NiSource were worth $2,167,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of NiSource by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after acquiring an additional 1,032,630 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in NiSource by 19.0% in the fourth 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 acquiring an additional 8,240,227 shares during the last quarter. State Street Corp raised its position in NiSource by 4.5% during the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after purchasing an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC lifted 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 purchasing an additional 16,836,630 shares during the last quarter. Finally, Geode Capital Management LLC lifted 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 purchasing an additional 245,110 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on NI. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Barclays dropped their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Royal Bank Of Canada assumed 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. Finally, Wells Fargo & Company increased their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $49.70.

NiSource Stock Down 1.6%

Shares of NI opened at $42.69 on Friday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The stock has a market capitalization of $20.47 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.23 and a beta of 0.55. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.56 and a current ratio of 0.50. The stock has a fifty day moving average of $46.33 and a 200-day moving average of $46.40.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is 59.70%.

Insider Activity

In other news, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,500 shares of company stock worth $1,305,675. Company insiders own 0.37% of the company’s stock.

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.