Northwestern Mutual Wealth Management Co. bought a new position in shares of NiSource, Inc (NYSE:NI – Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 18,277 shares of the utilities provider’s stock, valued at approximately $869,000.
Several other hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT raised its position in shares of NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares in the last quarter. Strive Financial Group LLC bought a new stake in NiSource during the fourth quarter valued at $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in shares of NiSource during the fourth quarter worth $27,000. DV Equities LLC acquired a new stake in shares of NiSource during the fourth quarter worth $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of NiSource in the 4th quarter worth about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on NI shares. Royal Bank Of Canada started coverage on shares of NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price objective for the company. Wells Fargo & Company raised their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. BMO Capital Markets lowered their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Finally, LADENBURG THALM/SH SH dropped their price target on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.
NiSource Stock Performance
NI opened at $40.71 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The business’s 50 day moving average is $45.19 and its 200-day moving average is $46.22. The stock has a market cap of $19.52 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 3.04 and a beta of 0.55. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.21.
NiSource (NYSE:NI – Get Free Report) last issued its quarterly earnings data 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 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 in the prior year, the company posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts predict that NiSource, Inc will post 2.05 earnings per share for the current year.
NiSource Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 annualized dividend and a dividend yield of 2.9%. NiSource’s dividend payout ratio is presently 63.83%.
Insider Activity
In other news, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% 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.
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