Korea Investment CORP Takes Position in NiSource, Inc $NI

Korea Investment CORP bought a new position in NiSource, Inc (NYSE:NI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 228,181 shares of the utilities provider’s stock, valued at approximately $10,850,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EP Wealth Advisors LLC acquired a new position in shares of NiSource in the 2nd quarter valued at $724,000. Callan Family Office LLC purchased a new stake in NiSource during the second quarter valued at about $622,000. Keating Financial Advisory Services Inc. acquired a new position in shares of NiSource in the second quarter worth about $33,000. OneAscent Investment Solutions LLC acquired a new position in shares of NiSource in the second quarter worth about $293,000. Finally, Allworth Financial LP purchased a new position in shares of NiSource in the second quarter worth approximately $554,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Stock Up 0.5%

NI stock opened at $40.82 on Tuesday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. 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 company has a market cap of $19.57 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 3.02 and a beta of 0.55. The company has a 50 day moving average of $45.33 and a two-hundred day moving average of $46.25.

NiSource (NYSE:NI) last posted its quarterly earnings results 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 net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. 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. On average, equities 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 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is currently 63.83%.

Analysts Set New Price Targets

NI has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. LADENBURG THALM/SH SH decreased 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, August 17th. KeyCorp lowered their price objective on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. BMO Capital Markets reduced 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Ten investment 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Activity

In related news, EVP Melody Birmingham sold 37,509 shares of the business’s 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 completion of the sale, the executive vice president 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.37% of the stock is currently owned by corporate insiders.

About NiSource

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.