Corient Private Wealth LLC Has $3.44 Million Stock Holdings in NiSource, Inc $NI

Corient Private Wealth LLC lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 16.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,229 shares of the utilities provider’s stock after acquiring an additional 11,485 shares during the period. Corient Private Wealth LLC’s holdings in NiSource were worth $3,435,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Orion Porfolio Solutions LLC raised its position in 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 worth $680,411,000 after purchasing an additional 16,836,630 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in NiSource by 19.0% during the fourth 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 purchasing an additional 8,240,227 shares during the period. Norges Bank acquired a new stake in NiSource during the fourth quarter valued at approximately $336,852,000. Millennium Management LLC boosted its holdings in NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after purchasing an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of NiSource in the 4th quarter valued at approximately $100,965,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on NI. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. Barclays upped their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. BMO Capital Markets reiterated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. KeyCorp assumed coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective for the company. Finally, Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One equities 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Insider Activity at NiSource

In related news, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred 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 in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 transaction of $715,200.00. Following the completion of the transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by corporate insiders.

NiSource Stock Performance

NI stock opened at $48.98 on Friday. The company has a 50 day moving average price of $47.23 and a 200 day moving average price of $45.54. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.08. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The stock has a market capitalization of $23.48 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 3.92 and a beta of 0.54.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter last year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts forecast 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. Stockholders of record on Friday, July 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is 59.70%.

NiSource Profile

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.