Nomura Asset Management Co. Ltd. boosted its stake in NiSource, Inc (NYSE:NI – Free Report) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 163,453 shares of the utilities provider’s stock after buying an additional 11,838 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in NiSource were worth $6,826,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tower Bridge Advisors raised its holdings in NiSource by 1.1% in the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after buying an additional 232 shares during the period. Choreo LLC raised its holdings in NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after buying an additional 234 shares during the period. Advisory Services Network LLC raised its holdings in NiSource by 1.6% in the 3rd quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after buying an additional 234 shares during the period. Northwestern Mutual Investment Management Company LLC raised its holdings in NiSource by 1.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after buying an additional 240 shares during the period. Finally, Prosperity Consulting Group LLC raised its holdings in NiSource by 1.1% in the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after buying an additional 246 shares during the period. 91.64% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at NiSource
In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’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 in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock worth $1,305,675 over the last quarter. Insiders own 0.37% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Report on NiSource
NiSource Stock Down 0.5%
Shares of NYSE:NI opened at $45.64 on Thursday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The firm has a market capitalization of $21.88 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54. The firm’s 50-day moving average is $47.19 and its two-hundred day moving average is $45.06. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $48.98.
NiSource (NYSE:NI – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period in the prior year, the firm earned $0.85 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. NiSource’s dividend payout ratio is 59.70%.
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.
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