Deutsche Bank AG Has $432.19 Million Holdings in NiSource, Inc $NI

Deutsche Bank AG lessened its position in shares of NiSource, Inc (NYSE:NI) by 14.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,349,376 shares of the utilities provider’s stock after selling 1,682,866 shares during the quarter. Deutsche Bank AG’s holdings in NiSource were worth $432,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NI. Godfrey Financial Associates Inc. acquired a new stake in shares of NiSource during the 4th quarter worth approximately $30,000. Elyxium Wealth LLC acquired a new stake in shares of NiSource during the 4th quarter worth approximately $33,000. Laurel Wealth Advisors LLC acquired a new stake in shares of NiSource during the 4th quarter worth approximately $46,000. MUFG Securities EMEA plc acquired a new stake in shares of NiSource during the 2nd quarter worth approximately $56,000. Finally, Larson Financial Group LLC grew its holdings in shares of NiSource by 21.1% during the 3rd quarter. Larson Financial Group LLC now owns 1,518 shares of the utilities provider’s stock worth $66,000 after purchasing an additional 264 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Melody Birmingham sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the firm’s 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 sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 over the last ninety days. Insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

NI has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $51.00 price target on shares of NiSource in a research report on Monday, April 20th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Barclays increased their price target on shares of NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Finally, Weiss Ratings lowered shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, April 24th. One 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 MarketBeat.com, NiSource has an average rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Stock Up 0.6%

Shares of NYSE:NI opened at $46.62 on Thursday. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $48.98. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The company’s fifty day moving average is $47.23 and its 200-day moving average is $45.18. The company has a market capitalization of $22.35 billion, a PE ratio of 23.20, a P/E/G ratio of 3.70 and a beta of 0.54.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 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 previous year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

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