NiSource (NYSE:NI) Hits New 12-Month Low – Here’s Why

NiSource, Inc (NYSE:NI) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $40.04 and last traded at $39.9020, with a volume of 3058091 shares traded. The stock had previously closed at $40.52.

Wall Street Analyst Weigh In

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

NiSource Trading Down 1.6%

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 company has a market capitalization of $18.82 billion, a PE ratio of 20.88, a PEG ratio of 2.97 and a beta of 0.54. The company has a fifty day simple moving average of $42.54 and a 200-day simple moving average of $45.48.

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

NiSource Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders 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 dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is 63.83%.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction 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 owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.37% of the company’s stock.

Hedge Funds Weigh In On NiSource

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NI. QRG Capital Management Inc. boosted its position in shares of NiSource by 26.8% in the 2nd quarter. QRG Capital Management Inc. now owns 17,816 shares of the utilities provider’s stock valued at $847,000 after purchasing an additional 3,770 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in NiSource by 29.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 12,773 shares of the utilities provider’s stock valued at $607,000 after buying an additional 2,909 shares during the last quarter. Tidal Investments LLC lifted its stake in NiSource by 44.8% in the second quarter. Tidal Investments LLC now owns 545,461 shares of the utilities provider’s stock valued at $25,937,000 after buying an additional 168,704 shares during the last quarter. National Pension Service boosted its holdings in shares of NiSource by 68.3% in the second quarter. National Pension Service now owns 74,156 shares of the utilities provider’s stock valued at $3,526,000 after acquiring an additional 30,098 shares during the period. Finally, WINTON GROUP Ltd boosted its holdings in shares of NiSource by 59.1% in the second quarter. WINTON GROUP Ltd now owns 32,211 shares of the utilities provider’s stock valued at $1,532,000 after acquiring an additional 11,963 shares during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Company 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.