NiSource, Inc $NI Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. lifted its stake in shares of NiSource, Inc (NYSE:NI) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 163,453 shares of the utilities provider’s stock after buying an additional 11,838 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in NiSource were worth $6,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in NI. NewEdge Advisors LLC grew its position in shares of NiSource by 60.1% during the first quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after buying an additional 11,452 shares in the last quarter. Woodline Partners LP boosted its holdings in NiSource by 41.6% in the first quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock valued at $1,592,000 after purchasing an additional 11,671 shares in the last quarter. Acadian Asset Management LLC acquired a new position in NiSource in the first quarter valued at approximately $105,000. Bank of Nova Scotia boosted its holdings in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares in the last quarter. Finally, AXA S.A. acquired a new position in NiSource in the second quarter valued at approximately $1,054,000. 91.64% of the stock is owned by institutional investors and hedge funds.

NiSource Price Performance

NiSource stock opened at $45.64 on Thursday. 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 business has a 50 day simple moving average of $47.19 and a 200-day simple moving average of $45.06. The stock has a market capitalization of $21.88 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.66 and a beta of 0.54.

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

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be paid a dividend of $0.30 per share. 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 2.6%. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on NI shares. KeyCorp started coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price target for the company. Barclays upped their price target on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings downgraded NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. Finally, Wells Fargo & Company upped their price target on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.33.

Insiders Place Their Bets

In related news, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction on Friday, May 22nd. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares in the company, valued at approximately $5,503,587.48. The trade was a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 27,500 shares of company stock worth $1,305,675. Corporate insiders own 0.37% of the company’s stock.

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.