NiSource, Inc $NI Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in shares of NiSource, Inc (NYSE:NI) by 4.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,558,354 shares of the utilities provider’s stock after acquiring an additional 106,400 shares during the period. Dimensional Fund Advisors LP’s holdings in NiSource were worth $119,372,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Orion Porfolio Solutions LLC raised its position in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in NiSource by 19.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after purchasing an additional 8,240,227 shares during the last quarter. Norges Bank purchased a new stake in NiSource during the 4th quarter worth approximately $336,852,000. Millennium Management LLC increased its stake in NiSource by 2,288.8% during the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after purchasing an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in NiSource during the 4th quarter valued at approximately $100,965,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Down 1.9%

NI stock opened at $45.80 on Tuesday. The company has a market capitalization of $21.96 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 3.42 and a beta of 0.55. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The firm’s fifty day simple moving average is $46.89 and its 200-day simple moving average is $46.32. 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 (NYSE:NI) last issued its 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. The firm had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter last year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts forecast that NiSource, Inc will post 2.08 earnings per share for the current year.

NiSource Announces Dividend

The business 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 dividend of $0.30 per share. The ex-dividend date is Friday, July 31st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.6%. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Insider Activity

In other news, EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at $5,563,653.81. The trade was a 7.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The stock was 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 in the company, valued at $1,716,003.20. The trade was a 29.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,500 shares of company stock valued at $1,305,675. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the subject of several research reports. Evercore set a $52.00 price objective on shares of NiSource in a research note on Monday, May 11th. KeyCorp cut their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Royal Bank Of Canada assumed coverage on NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 target price for the company. Wells Fargo & Company lifted their price target on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.30.

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.