1,651,000 Shares in NiSource, Inc $NI Purchased by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC acquired a new position in shares of NiSource, Inc (NYSE:NI) during the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,651,000 shares of the utilities provider’s stock, valued at approximately $77,036,000. NiSource makes up 2.1% of Mizuho Markets Americas LLC’s investment portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in NI. Zions Bancorporation National Association UT increased its position in shares of NiSource by 113.8% in the fourth quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 330 shares in the last quarter. Strive Financial Group LLC purchased a new stake in shares of NiSource in the 4th quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource in the 4th quarter worth approximately $27,000. DV Equities LLC acquired a new position in NiSource in the 4th quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NiSource during the 4th quarter worth approximately $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. KeyCorp cut their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday. Evercore set a $52.00 price target on NiSource in a report on Monday, May 11th. Royal Bank Of Canada began coverage on NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target on the stock. BMO Capital Markets reduced their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, July 17th. Finally, Barclays raised their price objective on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.30.

Insider Buying and Selling

In related news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president owned 117,899 shares of the company’s stock, valued at $5,563,653.81. This trade represents a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,500 shares of company stock worth $1,305,675 in the last 90 days. 0.37% of the stock is currently owned by corporate insiders.

NiSource Trading Up 0.3%

NYSE NI opened at $46.71 on Friday. 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, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The firm’s fifty day simple moving average is $46.89 and its 200-day simple moving average is $46.26. The company has a market capitalization of $22.40 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 3.47 and a beta of 0.55.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, meeting 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 the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. NiSource’s payout ratio is presently 59.70%.

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.