NiSource, Inc $NI Stock Holdings Decreased by Drake & Associates LLC

Drake & Associates LLC lessened its stake in NiSource, Inc (NYSE:NI) by 28.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,095 shares of the utilities provider’s stock after selling 16,197 shares during the quarter. Drake & Associates LLC’s holdings in NiSource were worth $1,674,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. T. Rowe Price Investment Management Inc. increased its holdings in NiSource by 19.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares during the last quarter. Compound Planning Inc. lifted its holdings in NiSource by 3.7% during the 4th quarter. Compound Planning Inc. now owns 15,045 shares of the utilities provider’s stock worth $628,000 after buying an additional 535 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in NiSource by 96.3% during the 4th quarter. Corient Private Wealth LLC now owns 138,863 shares of the utilities provider’s stock worth $5,491,000 after buying an additional 68,119 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of NiSource in the 4th quarter worth approximately $26,000. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of NiSource by 35.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 40,276 shares of the utilities provider’s stock worth $1,682,000 after acquiring an additional 10,636 shares in the last quarter. Institutional investors own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the business’s stock in a transaction 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 owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. The trade was a 29.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Melody Birmingham sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This represents a 7.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,500 shares of company stock valued at $1,305,675. Corporate insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

NI has been the subject of a number of research analyst reports. KeyCorp assumed coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Barclays lifted their price objective on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Wells Fargo & Company boosted their target price on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Evercore set a $52.00 target price on shares of NiSource in a report on Monday, May 11th. Finally, Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.33.

NiSource Stock Up 0.9%

NYSE:NI opened at $47.20 on Friday. 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 stock has a 50 day moving average of $47.22 and a 200-day moving average of $45.33. The firm has a market capitalization of $22.63 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 3.73 and a beta of 0.54. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) 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 business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter last year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The business also recently announced 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. This represents a $1.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

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.