Callan Family Office LLC Acquires Shares of 13,071 NiSource, Inc $NI

Callan Family Office LLC acquired a new stake in shares of NiSource, Inc (NYSE:NI – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 13,071 shares of the utilities provider’s stock, valued at approximately $622,000.

A number of other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of NiSource in the second quarter worth about $2,613,234,000. Orion Porfolio Solutions LLC grew its stake in NiSource by 55,625.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. Deutsche Bank AG purchased a new stake in NiSource during the 2nd quarter worth approximately $574,295,000. T. Rowe Price Investment Management Inc. raised its position in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of NiSource in the 4th quarter valued at approximately $336,852,000. 91.64% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, EVP Melody Birmingham sold 37,509 shares of the company’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 transaction of $1,590,381.60. Following the completion of the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NI shares. BMO Capital Markets decreased their price target on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Barclays cut their price target 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. Royal Bank Of Canada initiated coverage on shares of NiSource in a report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. LADENBURG THALM/SH SH dropped their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research report on Monday, August 17th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Ten equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.82.

Read Our Latest Report on NI

NiSource Stock Down 0.3%

Shares of NYSE:NI opened at $40.71 on Wednesday. The stock has a market capitalization of $19.52 billion, a price-to-earnings ratio of 21.65, a price-to-earnings-growth ratio of 3.04 and a beta of 0.55. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The company’s fifty day moving average is $45.19 and its two-hundred day moving average is $46.22. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50.

NiSource (NYSE:NI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (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 last year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts anticipate that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

NiSource Profile

(Free Report)

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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