Global Retirement Partners LLC Buys Shares of 24,995 NiSource, Inc $NI

Global Retirement Partners LLC purchased a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 24,995 shares of the utilities provider’s stock, valued at approximately $1,189,000.

A number of other hedge funds also recently modified their holdings of NI. Zions Bancorporation National Association UT increased its stake in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares in the last quarter. Strive Financial Group LLC bought a new position in NiSource in the fourth quarter valued at approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of NiSource in the fourth quarter valued at approximately $27,000. DV Equities LLC bought a new stake in shares of NiSource during the fourth quarter worth $28,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of NiSource during the fourth quarter worth $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Stock Down 0.4%

NI stock opened at $42.31 on Tuesday. The company has a market cap of $20.29 billion, a price-to-earnings ratio of 22.51, a P/E/G ratio of 3.16 and a beta of 0.55. NiSource, Inc has a twelve month low of $38.45 and a twelve month high of $49.21. The business has a 50 day moving average price of $45.88 and a two-hundred day moving average price of $46.35. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. NiSource had a return on equity of 7.95% and a net margin of 13.20%.The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts anticipate that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be paid a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.8%. NiSource’s dividend payout ratio (DPR) is currently 63.83%.

Analysts Set New Price Targets

NI has been the subject of a number of research reports. LADENBURG THALM/SH SH lowered their target price on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a report on Monday. Barclays reduced their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. BMO Capital Markets decreased their price objective on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Finally, Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.82.

Insider Transactions at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of NiSource stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Melody Birmingham sold 2,500 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total transaction of $118,575.00. Following the transaction, the executive vice president owned 116,036 shares in the company, valued at $5,503,587.48. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

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.