NiSource (NYSE:NI) EVP Sells 37,509 Shares of Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $42.40, for a total value of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Melody Birmingham also recently made the following trade(s):

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The shares were sold at an average price of $47.43, for a total value of $118,575.00.

NiSource Price Performance

NYSE NI traded down $0.22 on Tuesday, hitting $42.15. The company had a trading volume of 4,412,280 shares, compared to its average volume of 4,530,836. The company has a market capitalization of $20.21 billion, a PE ratio of 22.42, a PEG ratio of 3.16 and a beta of 0.55. The company’s fifty day moving average price is $45.88 and its 200-day moving average price is $46.35. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, 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 Friday, November 20th. Investors of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

Wall Street Analysts Forecast Growth

NI has been the topic of several research reports. Royal Bank Of Canada began coverage on NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. LADENBURG THALM/SH SH decreased their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a report on Monday. Wells Fargo & Company lifted their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NiSource currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.82.

Institutional Investors Weigh In On NiSource

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

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.