NiSource, Inc $NI Position Increased by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in shares of NiSource, Inc (NYSE:NI) by 34.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,939 shares of the utilities provider’s stock after purchasing an additional 15,438 shares during the period. Pacer Advisors Inc.’s holdings in NiSource were worth $2,503,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NI. Magellan Asset Management Ltd lifted its holdings in shares of NiSource by 7.5% in the 3rd quarter. Magellan Asset Management Ltd now owns 369,164 shares of the utilities provider’s stock worth $15,985,000 after purchasing an additional 25,721 shares during the last quarter. WINTON GROUP Ltd bought a new position in NiSource during the 3rd quarter worth $1,154,000. BNP Paribas Financial Markets grew its stake in NiSource by 41.7% during the 4th quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock worth $37,228,000 after buying an additional 262,483 shares during the last quarter. Norges Bank bought a new position in NiSource during the 4th quarter worth $336,852,000. Finally, Capital International Investors increased its position in NiSource by 15.1% in the third quarter. Capital International Investors now owns 8,136,157 shares of the utilities provider’s stock worth $352,296,000 after buying an additional 1,065,591 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Price Performance

Shares of NYSE NI opened at $47.31 on Wednesday. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $48.98. The firm’s 50-day simple moving average is $47.18 and its 200 day simple moving average is $45.44. 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 stock has a market cap of $22.68 billion, a P/E ratio of 23.54, a P/E/G ratio of 3.80 and a beta of 0.54.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the company earned $0.85 EPS. 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 business 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NI has been the subject of several analyst reports. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. KeyCorp assumed coverage on shares of NiSource in a research report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective on the stock. Finally, BMO Capital Markets reissued an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.