NiSource, Inc $NI Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 69.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,468 shares of the utilities provider’s stock after acquiring an additional 13,702 shares during the period. Apollon Wealth Management LLC’s holdings in NiSource were worth $1,562,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of NiSource by 60.1% in the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after purchasing an additional 11,452 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after acquiring an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of NiSource during the first quarter worth about $105,000. Bank of Nova Scotia lifted its position in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. purchased a new stake in NiSource in the 2nd quarter valued at approximately $1,054,000. 91.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on NI shares. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Wells Fargo & Company lifted their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Royal Bank Of Canada began coverage on NiSource in a report on Wednesday. They set an “outperform” rating and a $52.00 price objective on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Finally, Barclays raised their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Insider Transactions at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of the company’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 transaction, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% 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 Melody Birmingham sold 10,000 shares of NiSource stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 117,899 shares of the company’s stock, valued at $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is owned by insiders.

NiSource Price Performance

NI stock opened at $46.88 on Thursday. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The stock’s 50 day moving average price is $47.20 and its 200 day moving average price is $45.70. The firm has a market cap of $22.48 billion, a P/E ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.55.

NiSource (NYSE:NI) last released its quarterly earnings results 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 return on equity of 8.31% and a net margin of 14.15%.The company had revenue of $2.36 billion during the quarter, compared to the consensus estimate 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, sell-side analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Investors 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 annualized dividend and a yield of 2.6%. NiSource’s payout ratio is presently 59.70%.

NiSource Company 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.