Employees Retirement System of Texas Decreases Stock Holdings in NiSource, Inc $NI

Employees Retirement System of Texas lowered its stake in shares of NiSource, Inc (NYSE:NI) by 1.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 877,729 shares of the utilities provider’s stock after selling 15,700 shares during the period. Employees Retirement System of Texas’ holdings in NiSource were worth $36,654,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Expressive Wealth LLC purchased a new stake in NiSource during the fourth quarter worth about $417,000. AlphaQuest LLC boosted its holdings in NiSource by 60.5% during the fourth quarter. AlphaQuest LLC now owns 38,313 shares of the utilities provider’s stock worth $1,600,000 after buying an additional 14,449 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in NiSource by 22.3% during the fourth quarter. Bleakley Financial Group LLC now owns 15,704 shares of the utilities provider’s stock worth $656,000 after buying an additional 2,861 shares in the last quarter. Cary Street Partners Financial LLC boosted its holdings in NiSource by 5.0% during the fourth quarter. Cary Street Partners Financial LLC now owns 15,400 shares of the utilities provider’s stock worth $643,000 after buying an additional 735 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in NiSource by 8.8% during the fourth quarter. Harbour Investments Inc. now owns 3,375 shares of the utilities provider’s stock worth $141,000 after buying an additional 273 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Stock Down 0.0%

Shares of NYSE NI opened at $47.83 on Wednesday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $48.98. The company has a market capitalization of $22.93 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 3.82 and a beta of 0.57. 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 firm’s 50-day moving average is $47.22 and its two-hundred day moving average is $44.95.

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, meeting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is currently 59.70%.

Analyst Ratings Changes

NI has been the topic of a number of research analyst reports. KeyCorp started coverage on shares of NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Finally, Evercore set a $52.00 price target on shares of NiSource in a report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

Insider Buying and Selling at NiSource

In other 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

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.