NiSource, Inc $NI Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas reduced its stake in shares of NiSource, Inc (NYSE:NI) by 1.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,729 shares of the utilities provider’s stock after selling 15,700 shares during the quarter. Employees Retirement System of Texas owned about 0.18% of NiSource worth $36,654,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NI. REAP Financial Group LLC acquired a new position in NiSource in the third quarter valued at $32,000. Elyxium Wealth LLC acquired a new position in NiSource in the fourth quarter valued at $33,000. Laurel Wealth Advisors LLC acquired a new position in NiSource in the fourth quarter valued at $46,000. Sentry Investment Management LLC acquired a new position in NiSource in the third quarter valued at $52,000. Finally, MUFG Securities EMEA plc acquired a new position in NiSource in the second quarter valued at $56,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NI has been the topic of a number of recent research reports. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets restated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Barclays lifted their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. KeyCorp initiated coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

Insider Activity

In other news, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.37% of the stock is currently owned by company insiders.

NiSource Trading Down 0.0%

Shares of NiSource stock opened at $47.83 on Wednesday. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $48.98. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company’s 50-day simple moving average is $47.22 and its 200-day simple moving average is $44.95. The firm has a market cap of $22.93 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 3.82 and a beta of 0.57.

NiSource (NYSE:NI) 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. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $0.85 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 year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s payout ratio is 59.70%.

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.