Geode Capital Management LLC Acquires 245,110 Shares of NiSource, Inc $NI

Geode Capital Management LLC grew its holdings in shares of NiSource, Inc (NYSE:NI) by 2.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,459,421 shares of the utilities provider’s stock after buying an additional 245,110 shares during the period. Geode Capital Management LLC’s holdings in NiSource were worth $518,301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in NiSource in the third quarter worth approximately $32,000. Elyxium Wealth LLC bought a new position in NiSource in the fourth quarter worth approximately $33,000. Laurel Wealth Advisors LLC bought a new position in NiSource in the fourth quarter worth approximately $46,000. Sentry Investment Management LLC bought a new position in NiSource in the third quarter worth approximately $52,000. Finally, MUFG Securities EMEA plc bought a new position in NiSource in the second quarter worth approximately $56,000. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. This trade represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 in the last ninety days. Insiders own 0.37% of the company’s stock.

NiSource Stock Down 0.0%

Shares of NYSE NI opened at $46.21 on Monday. 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 stock has a market capitalization of $22.16 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 3.69 and a beta of 0.55. The stock’s fifty day simple moving average is $47.20 and its two-hundred day simple moving average is $45.02. NiSource, Inc has a 12-month low of $38.45 and a 12-month 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 (EPS) for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, analysts expect that NiSource, Inc 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 Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NI. KeyCorp began coverage on NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective on the stock. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BMO Capital Markets reissued an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Citigroup increased 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. Finally, Wells Fargo & Company increased their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.