NiSource (NYSE:NI – Free Report) had its target price trimmed by LADENBURG THALM/SH SH from $51.50 to $51.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the utilities provider’s stock.
NI has been the subject of several other reports. Barclays dropped their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. BMO Capital Markets decreased their price objective on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Weiss Ratings restated a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company upped their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, NiSource has an average rating of “Moderate Buy” and an average target price of $49.82.
Get Our Latest Stock Report on NiSource
NiSource Stock Performance
NiSource (NYSE:NI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $1.15 billion. During the same quarter 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. Sell-side analysts expect that NiSource will post 2.05 EPS for the current fiscal year.
NiSource Dividend Announcement
The business 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. NiSource’s dividend payout ratio is 63.83%.
Insider Buying and Selling
In related news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the transaction, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction that occurred on 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 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. The trade was a 32.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.
Institutional Trading of NiSource
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new position in shares of NiSource in the 2nd quarter valued at $26,000. Zions Bancorporation National Association UT grew its position in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares during the last quarter. Strive Financial Group LLC bought a new stake in NiSource during the 4th quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource in the 4th quarter worth about $27,000. Finally, DV Equities LLC acquired a new position in NiSource in the 4th quarter worth about $28,000. Institutional investors own 91.64% of the company’s stock.
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.
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