Engineers Gate Manager LP Sells 111,517 Shares of NiSource, Inc $NI

Engineers Gate Manager LP decreased its position in shares of NiSource, Inc (NYSE:NI) by 41.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,980 shares of the utilities provider’s stock after selling 111,517 shares during the period. Engineers Gate Manager LP’s holdings in NiSource were worth $7,417,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NI. Compass Financial Management LLC bought a new position in shares of NiSource in the second quarter worth about $26,000. Strive Financial Group LLC bought a new stake in NiSource during the 4th quarter valued at approximately $26,000. Zions Bancorporation National Association UT boosted its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource in the 4th quarter valued at approximately $27,000. Finally, DV Equities LLC acquired a new stake in NiSource in the 4th quarter valued at approximately $28,000. 91.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

NI has been the subject of a number of research analyst reports. LADENBURG THALM/SH SH cut their price target on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday, August 17th. Barclays dropped their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, August 7th. Royal Bank Of Canada began coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. KeyCorp reduced their price target on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, July 23rd. Finally, BMO Capital Markets decreased their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, NiSource currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.64.

NiSource Stock Performance

Shares of NYSE NI opened at $41.42 on Friday. The business has a fifty day simple moving average of $43.68 and a 200 day simple moving average of $45.88. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $19.86 billion, a price-to-earnings ratio of 22.03, a PEG ratio of 3.11 and a beta of 0.54. NiSource, Inc has a one year low of $39.29 and a one year high of $49.21.

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

NiSource Dividend Announcement

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

NiSource Profile

NiSource Inc (NYSE: NI) is a regulated utility company that provides natural gas and electric services to residential, commercial and industrial customers in the United States. Its operations are primarily focused on the distribution, transmission and storage of natural gas, along with electric generation and distribution in Indiana.

Through its Columbia Gas utilities, NiSource serves natural gas customers in Ohio, Pennsylvania, Virginia, Maryland, Massachusetts and Kentucky. Its Northern Indiana Public Service Company (NIPSCO) subsidiary provides natural gas and electric service in northern Indiana.