Saudi Central Bank Purchases 15,941 Shares of NiSource, Inc $NI

Saudi Central Bank grew its position in shares of NiSource, Inc (NYSE:NI) by 90.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,555 shares of the utilities provider’s stock after purchasing an additional 15,941 shares during the period. Saudi Central Bank’s holdings in NiSource were worth $1,596,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in NiSource during the second quarter valued at $2,613,234,000. Orion Porfolio Solutions LLC raised its holdings 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 valued at $680,411,000 after acquiring an additional 16,836,630 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of NiSource during the 2nd quarter valued at about $574,295,000. T. Rowe Price Investment Management Inc. increased its position in shares of 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 worth $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. Finally, Norges Bank bought a new position in shares of NiSource in the fourth quarter worth approximately $336,852,000. Institutional investors own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NYSE:NI opened at $41.97 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31. The stock has a market cap of $20.13 billion, a PE ratio of 22.33, a PEG ratio of 3.09 and a beta of 0.54. The company’s fifty day moving average is $43.91 and its 200 day moving average is $45.94. NiSource, Inc has a 52 week low of $39.29 and a 52 week high of $49.21.

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

NiSource Announces Dividend

The business also recently declared 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. This represents a $1.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is presently 63.83%.

Insider Transactions at NiSource

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares of the company’s stock, 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 at the SEC website. 0.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. LADENBURG THALM/SH SH lowered their price objective on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Royal Bank Of Canada assumed coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Mizuho cut their target price on shares of NiSource from $50.00 to $48.00 and set an “outperform” rating for the company in a research report on Wednesday, August 26th. Finally, Barclays reduced their target price on NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.64.

NiSource 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.