Inceptionr LLC Buys Shares of 46,534 NiSource, Inc $NI

Inceptionr LLC bought a new stake in NiSource, Inc (NYSE:NI) during the fourth quarter, Holdings Channel.com reports. The fund bought 46,534 shares of the utilities provider’s stock, valued at approximately $1,943,000. NiSource makes up about 0.5% of Inceptionr LLC’s portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Tower Bridge Advisors grew its holdings in NiSource by 1.1% in the 3rd quarter. Tower Bridge Advisors now owns 21,132 shares of the utilities provider’s stock valued at $915,000 after buying an additional 232 shares during the last quarter. Choreo LLC grew its holdings in NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock valued at $369,000 after buying an additional 234 shares during the last quarter. Advisory Services Network LLC grew its holdings in NiSource by 1.6% in the 3rd quarter. Advisory Services Network LLC now owns 14,951 shares of the utilities provider’s stock valued at $647,000 after buying an additional 234 shares during the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in NiSource by 1.6% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after buying an additional 240 shares during the last quarter. Finally, Prosperity Consulting Group LLC grew its holdings in NiSource by 1.1% in the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Price Performance

Shares of NYSE:NI opened at $46.62 on Thursday. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $48.98. The firm has a market capitalization of $22.35 billion, a PE ratio of 23.20, a PEG ratio of 3.70 and a beta of 0.54. The business’s 50 day moving average is $47.23 and its 200-day moving average is $45.18. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share 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 company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts predict that NiSource, Inc will post 2.05 earnings per share for the current 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is presently 59.70%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on NI. KeyCorp began coverage on NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 target price on the stock. Barclays raised their target price on NiSource from $45.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Citigroup raised their target price on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on NiSource from $51.00 to $52.00 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and an average target price of $50.33.

Insider Activity at NiSource

In other news, EVP Melanie B. 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 transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 $5,503,587.48. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,500 shares of company stock worth $1,305,675 in the last three months. 0.37% of the stock is owned by insiders.

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.