NiSource, Inc $NI Shares Bought by Allstate Corp

Allstate Corp raised its stake in NiSource, Inc (NYSE:NI) by 94.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,527 shares of the utilities provider’s stock after acquiring an additional 16,794 shares during the period. Allstate Corp’s holdings in NiSource were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of NiSource by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock worth $2,606,180,000 after buying an additional 1,032,630 shares during the period. State Street Corp grew its holdings in shares of NiSource by 3.5% during 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 acquiring an additional 854,767 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of 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 acquiring an additional 16,836,630 shares in the last quarter. JPMorgan Chase & Co. increased its position in NiSource by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 8,495,320 shares of the utilities provider’s stock worth $367,852,000 after buying an additional 183,203 shares during the last quarter. Finally, Capital International Investors increased its position in NiSource by 15.1% during the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

NiSource Stock Performance

NYSE NI opened at $46.21 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. The firm has a market cap of $22.16 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.73 and a beta of 0.57. The company has a 50 day moving average of $47.20 and a 200-day moving average of $45.01. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $48.98.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at $5,503,587.48. The trade was a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the company’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 transaction of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NI shares. Citigroup upped their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Barclays upped their price target on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings cut shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.33.

NiSource 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.