Wealthfront Advisers LLC bought a new position in NiSource, Inc (NYSE:NI – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 116,147 shares of the utilities provider’s stock, valued at approximately $5,523,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares in the last quarter. Woodline Partners LP boosted its stake in NiSource by 41.6% in the 1st 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 period. Acadian Asset Management LLC purchased a new stake in NiSource during the 1st quarter valued at approximately $105,000. Bank of Nova Scotia grew its holdings in NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after buying an additional 266 shares in the last quarter. Finally, AXA S.A. bought a new stake in shares of NiSource during the second quarter valued at approximately $1,054,000. 91.64% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NiSource
In other news, EVP Melody Birmingham sold 37,509 shares of the firm’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 directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.37% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Report on NiSource
NiSource Price Performance
NiSource stock opened at $41.69 on Friday. The company’s fifty day moving average price is $45.60 and its 200 day moving average price is $46.29. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The stock has a market capitalization of $19.99 billion, a P/E ratio of 22.18, a P/E/G ratio of 3.10 and a beta of 0.55.
NiSource (NYSE:NI – Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS 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 company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.
NiSource Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s dividend payout ratio is presently 63.83%.
NiSource 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.
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