Banque Cantonale Vaudoise Sells 13,737 Shares of NiSource, Inc $NI

Banque Cantonale Vaudoise trimmed its holdings in shares of NiSource, Inc (NYSE:NI) by 94.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 822 shares of the utilities provider’s stock after selling 13,737 shares during the period. Banque Cantonale Vaudoise’s holdings in NiSource were worth $38,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in NiSource by 70.8% during the first quarter. Assenagon Asset Management S.A. now owns 864,692 shares of the utilities provider’s stock valued at $40,347,000 after buying an additional 358,329 shares during the last quarter. Hanson & Doremus Investment Management grew its stake in shares of NiSource by 1.6% in the first quarter. Hanson & Doremus Investment Management now owns 100,942 shares of the utilities provider’s stock worth $4,710,000 after acquiring an additional 1,638 shares during the last quarter. Values First Advisors Inc. bought a new position in shares of NiSource during the first quarter valued at $305,000. SG Americas Securities LLC increased its holdings in shares of NiSource by 21.0% during the first quarter. SG Americas Securities LLC now owns 237,527 shares of the utilities provider’s stock valued at $11,083,000 after acquiring an additional 41,290 shares in the last quarter. Finally, Evolve Private Wealth LLC raised its position in shares of NiSource by 3.6% in the 1st quarter. Evolve Private Wealth LLC now owns 11,563 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 401 shares during the last quarter. 91.64% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were 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 in the company, valued at approximately $5,563,653.81. The trade was a 7.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the business’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 sale, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade 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. 0.37% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NI shares. Evercore set a $52.00 price target on shares of NiSource in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research note on Monday, April 20th. Citigroup lifted their target price on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company upped their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, KeyCorp started coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $50.33.

NiSource Stock Performance

NI stock opened at $47.52 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The company has a market cap of $22.78 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 3.84 and a beta of 0.54. The stock’s fifty day moving average price is $47.22 and its 200-day moving average price is $45.66.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting analysts’ consensus estimates 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 analysts’ expectations of $2.52 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts forecast that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued 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 dividend yield of 2.5%. 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.