NiSource (NYSE:NI) EVP Sells $1,590,381.60 in Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 37,509 shares of NiSource stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Melody Birmingham also recently made the following trade(s):

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00.

NiSource Trading Down 0.5%

NiSource stock traded down $0.22 during trading on Tuesday, hitting $42.15. The company had a trading volume of 4,412,280 shares, compared to its average volume of 4,530,836. The stock has a market cap of $20.21 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 3.16 and a beta of 0.55. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The company’s 50 day simple moving average is $45.88 and its 200-day simple moving average is $46.35.

NiSource (NYSE:NI) last released its quarterly 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Investors 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 yield of 2.8%. The ex-dividend date is Friday, October 30th. NiSource’s dividend payout ratio (DPR) is 63.83%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets dropped their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Wells Fargo & Company upped 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. Barclays reduced their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a report on Friday, August 7th. Finally, LADENBURG THALM/SH SH dropped their price target on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NiSource has a consensus rating of “Moderate Buy” and an average target price of $49.82.

Hedge Funds Weigh In On NiSource

Several large investors have recently bought and sold shares of NI. NewEdge Advisors LLC boosted its position in shares of NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after acquiring an additional 11,452 shares in the last quarter. Woodline Partners LP lifted its stake in NiSource by 41.6% during the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in NiSource during the first quarter worth approximately $105,000. Bank of Nova Scotia boosted its holdings in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares in the last quarter. Finally, AXA S.A. purchased a new position in NiSource in the second quarter valued at approximately $1,054,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

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.