NiSource (NYSE:NI) EVP Melanie Berman Sells 15,000 Shares of Stock

NiSource, Inc (NYSE:NI) EVP Melanie Berman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NiSource Price Performance

NiSource stock opened at $47.46 on Thursday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $48.98. The stock has a market cap of $22.75 billion, a P/E ratio of 23.61, a PEG ratio of 3.82 and a beta of 0.57. The company has a 50-day moving average price of $47.22 and a 200 day moving average price of $44.98. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strive Financial Group LLC purchased a new position in shares of NiSource in the fourth quarter valued at approximately $26,000. Zions Bancorporation National Association UT boosted its stake in shares of NiSource by 113.8% in the fourth 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 purchased a new position in shares of NiSource in the fourth quarter valued at approximately $27,000. DV Equities LLC purchased a new position in shares of NiSource in the fourth quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in shares of NiSource in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on NI. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. KeyCorp began coverage on shares of NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 target price for the company. Wells Fargo & Company increased their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Evercore set a $52.00 target price on shares of NiSource in a research note on Monday, May 11th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.33.

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.