BI Asset Management Fondsmaeglerselskab A S Buys 19,484 Shares of NiSource, Inc $NI

BI Asset Management Fondsmaeglerselskab A S grew its position in shares of NiSource, Inc (NYSE:NI) by 79.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,897 shares of the utilities provider’s stock after acquiring an additional 19,484 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in NiSource were worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 buying an additional 1,032,630 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after buying an additional 8,240,227 shares during the last quarter. State Street Corp grew its holdings in shares of NiSource by 4.5% in the fourth quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock valued at $1,116,459,000 after acquiring an additional 1,154,351 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in shares of NiSource by 55,625.2% in the second 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. Finally, Geode Capital Management LLC increased its position in shares of NiSource by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock valued at $518,301,000 after acquiring an additional 245,110 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lifted their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Price Performance

NiSource stock opened at $47.31 on Wednesday. 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. The business’s 50 day simple moving average is $47.18 and its 200 day simple moving average is $45.44. The company has a market cap of $22.68 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 3.80 and a beta of 0.54.

NiSource (NYSE:NI) last announced 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. The business had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same period in the prior year, the company earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. NiSource’s dividend payout ratio is presently 59.70%.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This represents 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 this link. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This represents a 29.42% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is currently owned by insiders.

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.