Bank of New York Mellon Corp Has $135.61 Million Holdings in NiSource, Inc $NI

Bank of New York Mellon Corp lessened its holdings in NiSource, Inc (NYSE:NI) by 15.0% during the fourth quarter, HoldingsChannel reports. The fund owned 3,247,456 shares of the utilities provider’s stock after selling 575,302 shares during the quarter. Bank of New York Mellon Corp’s holdings in NiSource were worth $135,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Godfrey Financial Associates Inc. bought a new stake in NiSource in the 4th quarter worth about $30,000. REAP Financial Group LLC bought a new stake in NiSource in the 3rd quarter worth about $32,000. Elyxium Wealth LLC bought a new stake in NiSource in the 4th quarter worth about $33,000. Laurel Wealth Advisors LLC bought a new stake in NiSource in the 4th quarter worth about $46,000. Finally, Sentry Investment Management LLC bought a new stake in NiSource in the 3rd quarter worth about $52,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity at NiSource

In other NiSource news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the sale, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the 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 completion of the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by insiders.

NiSource Stock Up 1.6%

NI opened at $46.60 on Friday. The company has a 50 day moving average of $47.22 and a 200 day moving average of $45.09. The company has a market cap of $22.34 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 3.72 and a beta of 0.54. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm 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 $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is 59.70%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NI shares. Citigroup upped their price objective on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Evercore set a $52.00 price objective on shares of NiSource in a research report on Monday, May 11th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. BMO Capital Markets reissued an “outperform” rating and set a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Finally, Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.33.

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.