Melanie Berman Sells 15,000 Shares of NiSource (NYSE:NI) Stock

NiSource, Inc (NYSE:NI) EVP Melanie Berman sold 15,000 shares of NiSource stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

NiSource Price Performance

NiSource stock traded down $0.34 during mid-day trading on Wednesday, reaching $47.46. 2,504,481 shares of the company were exchanged, compared to its average volume of 4,284,807. The company has a fifty day simple moving average of $47.22 and a 200-day simple moving average of $44.95. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $48.98. 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 has a market cap of $22.75 billion, a PE ratio of 23.61, a PEG ratio of 3.82 and a beta of 0.57.

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

NiSource Dividend Announcement

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. 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 59.70%.

Hedge Funds Weigh In On NiSource

Several hedge funds and other institutional investors have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in shares of NiSource in the 1st quarter valued at $34,000. Royal Fund Management LLC bought a new position in shares of NiSource in the 1st quarter valued at $3,571,000. Kentucky Retirement Systems bought a new position in shares of NiSource in the 1st quarter valued at $1,207,000. Janus Henderson Group PLC increased its stake in shares of NiSource by 32.6% in the 1st quarter. Janus Henderson Group PLC now owns 62,033 shares of the utilities provider’s stock valued at $2,895,000 after purchasing an additional 15,237 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in shares of NiSource by 6.7% in the 1st quarter. Arkadios Wealth Advisors now owns 9,372 shares of the utilities provider’s stock valued at $437,000 after purchasing an additional 592 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

NI has been the topic of a number of recent research reports. KeyCorp initiated coverage on NiSource in a research note on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price objective on the stock. Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their price target on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. BMO Capital Markets reaffirmed an “outperform” rating and set a $51.00 price target on shares of NiSource in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.33.

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.