NiSource, Inc $NI Shares Sold by Bollard Group LLC

Bollard Group LLC cut its position in NiSource, Inc (NYSE:NI) by 9.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,579 shares of the utilities provider’s stock after selling 15,294 shares during the period. Bollard Group LLC’s holdings in NiSource were worth $6,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Tower Bridge Advisors boosted its stake in shares of NiSource by 1.1% in the third quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock worth $915,000 after acquiring an additional 232 shares during the last quarter. Choreo LLC boosted its stake in shares of NiSource by 2.7% in the fourth quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 234 shares during the last quarter. Advisory Services Network LLC boosted its stake in shares of NiSource by 1.6% in the third quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock worth $647,000 after acquiring an additional 234 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of NiSource by 1.6% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after acquiring an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC boosted its stake in shares of NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after acquiring an additional 246 shares during the last quarter. 91.64% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 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.

NiSource Price Performance

NYSE:NI opened at $47.17 on Friday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98. The company has a quick ratio of 0.56, a current ratio of 0.65 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $22.61 billion, a P/E ratio of 23.47, a P/E/G ratio of 3.77 and a beta of 0.54. The stock’s fifty day moving average is $47.24 and its two-hundred day moving average is $45.22.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. NiSource had a return on equity of 8.31% and a net margin of 14.15%.The company 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 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm 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 $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. NiSource’s payout ratio is currently 59.70%.

Wall Street Analysts Forecast Growth

NI has been the subject of a number of recent research reports. Wells Fargo & Company increased their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Barclays increased their price objective on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. KeyCorp assumed coverage on NiSource in a research report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.