Elevated Capital Advisors LLC Decreases Position in NiSource, Inc $NI

Elevated Capital Advisors LLC decreased its position in NiSource, Inc (NYSE:NI) by 79.1% during the 1st quarter, Holdings Channel reports. The firm owned 5,652 shares of the utilities provider’s stock after selling 21,355 shares during the quarter. Elevated Capital Advisors LLC’s holdings in NiSource were worth $264,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other news, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction on 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 sale, the executive vice president 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 117,899 shares in the company, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. 0.37% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NI shares. BMO Capital Markets restated an “outperform” rating and set a $51.00 price objective on shares of NiSource in a research report on Monday, April 20th. Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Evercore set a $52.00 price objective on NiSource in a research report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

NiSource Stock Performance

Shares of NYSE:NI opened at $46.95 on Friday. The firm has a market capitalization of $22.51 billion, a PE ratio of 23.36, a P/E/G ratio of 3.72 and a beta of 0.55. 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 business has a 50-day moving average of $47.11 and a two-hundred day moving average of $45.95. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21.

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

NiSource Announces Dividend

The firm also recently declared 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 is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 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.