AlphaQuest LLC Purchases 14,449 Shares of NiSource, Inc $NI

AlphaQuest LLC boosted its position in NiSource, Inc (NYSE:NI) by 60.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,313 shares of the utilities provider’s stock after acquiring an additional 14,449 shares during the quarter. AlphaQuest LLC’s holdings in NiSource were worth $1,600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in NiSource by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after buying an additional 1,032,630 shares in the last quarter. State Street Corp increased its position in NiSource by 3.5% in the 3rd quarter. State Street Corp now owns 25,580,768 shares of the utilities provider’s stock valued at $1,107,647,000 after buying an additional 854,767 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in NiSource by 55,625.2% in 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 buying an additional 16,836,630 shares in the last quarter. JPMorgan Chase & Co. increased its position in NiSource by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock valued at $367,852,000 after buying an additional 183,203 shares in the last quarter. Finally, Capital International Investors increased its position in NiSource by 15.1% in the 3rd quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock valued at $352,296,000 after buying an additional 1,065,591 shares in the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. The trade was a 7.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock worth $1,305,675 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NI. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Citigroup boosted their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company boosted their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Finally, Barclays boosted their price objective on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. One investment 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

NiSource Stock Performance

Shares of NI opened at $47.46 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a 50 day moving average price of $47.22 and a two-hundred day moving average price of $44.98. The firm has a market capitalization of $22.75 billion, a P/E ratio of 23.61, a P/E/G ratio of 3.82 and a beta of 0.57. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the business earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast 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 Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. 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 presently 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.