Oxford Financial Group LTD. LLC Invests $1.60 Million in NiSource, Inc $NI

Oxford Financial Group LTD. LLC acquired a new stake in NiSource, Inc (NYSE:NI) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,563 shares of the utilities provider’s stock, valued at approximately $1,596,000.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its position in shares of NiSource by 41.7% in the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock valued at $37,228,000 after buying an additional 262,483 shares during the last quarter. Norges Bank acquired a new stake in NiSource during the fourth quarter worth approximately $336,852,000. Reaves W H & Co. Inc. boosted its position in NiSource by 8.3% during the fourth quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock worth $226,537,000 after acquiring an additional 415,089 shares during the last quarter. De Lisle Partners LLP purchased a new stake in NiSource in the 4th quarter worth approximately $4,176,000. Finally, Vestcor Inc grew its stake in NiSource by 320.7% in the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock worth $2,750,000 after acquiring an additional 50,200 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by corporate insiders.

NiSource Trading Up 0.1%

NYSE NI opened at $41.69 on Friday. The stock has a market cap of $19.99 billion, a P/E ratio of 22.18, a PEG ratio of 3.10 and a beta of 0.55. The company’s fifty day simple moving average is $45.60 and its 200-day simple moving average is $46.29. 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 52 week low of $38.45 and a 52 week high of $49.21.

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

NiSource Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NI shares. Wells Fargo & Company increased their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada assumed coverage on NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Barclays dropped their target price on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Evercore set a $52.00 price target on NiSource in a research note on Monday, May 11th. Finally, LADENBURG THALM/SH SH lowered their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.82.

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.