Fiduciary Alliance LLC Makes New $504,000 Investment in NiSource, Inc $NI

Fiduciary Alliance LLC acquired a new position in shares of NiSource, Inc (NYSE:NI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,646 shares of the utilities provider’s stock, valued at approximately $504,000.

A number of other large investors have also made changes to their positions in the stock. Zions Bancorporation National Association UT raised its stake in shares of NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 330 shares in the last quarter. Strive Financial Group LLC acquired a new stake in NiSource during the fourth quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new stake in NiSource during the fourth quarter worth $27,000. DV Equities LLC bought a new stake in NiSource in the 4th quarter valued at $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in NiSource in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the sale, the executive vice president owned 117,899 shares in the company, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction dated 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. This represents a 29.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 27,500 shares of company stock worth $1,305,675. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on NI. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 price objective on shares of NiSource in a report on Monday, April 20th. Barclays upped their target price on shares of NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Citigroup increased their price target on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating 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 research note on Saturday, May 16th. Finally, KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, NiSource presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.33.

NiSource Price Performance

NYSE:NI opened at $48.98 on Friday. The firm has a market cap 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, Inc has a 12 month low of $38.45 and a 12 month high of $49.08. 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’s 50-day moving average price is $47.23 and its two-hundred day moving average price is $45.54.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The company had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the business posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a yield of 2.4%. NiSource’s payout ratio is currently 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.