NiSource, Inc $NI Shares Purchased by First Financial Bankshares Inc

First Financial Bankshares Inc boosted its stake in NiSource, Inc (NYSE:NI) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,008,683 shares of the utilities provider’s stock after acquiring an additional 16,718 shares during the period. First Financial Bankshares Inc owned 0.21% of NiSource worth $42,123,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. 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 acquiring an additional 1,032,630 shares during the period. State Street Corp boosted its holdings 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 purchasing an additional 854,767 shares in the last quarter. Orion Porfolio Solutions LLC boosted its holdings 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 purchasing an additional 16,836,630 shares in the last quarter. Geode Capital Management LLC boosted its holdings in NiSource by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after purchasing an additional 245,110 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 183,203 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 10,000 shares of the firm’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 directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 27,500 shares of company stock valued at $1,305,675 over the last ninety days. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NI has been the topic of a number of analyst reports. Barclays lifted their price objective on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Wells Fargo & Company lifted their price objective on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup lifted their price objective on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. One research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Price Performance

Shares of NI opened at $46.61 on Friday. The firm has a market capitalization of $22.35 billion, a PE ratio of 23.19, a P/E/G ratio of 3.72 and a beta of 0.54. 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’s 50 day moving average is $47.23 and its two-hundred day moving average is $45.21. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $48.98.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.52 billion. During the same period last year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. 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 presently 59.70%.

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.