Ninepoint Partners LP Purchases New Shares in NiSource, Inc $NI

Ninepoint Partners LP purchased a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,720 shares of the utilities provider’s stock, valued at approximately $1,794,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zions Bancorporation National Association UT grew 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 valued at $26,000 after purchasing an additional 330 shares during the period. Strive Financial Group LLC acquired a new position in shares of NiSource during the 4th quarter worth about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in shares of NiSource during the 4th quarter worth about $27,000. DV Equities LLC purchased a new position in NiSource in the 4th quarter valued at about $28,000. Finally, Acumen Wealth Advisors LLC purchased a new position in NiSource in the 4th quarter valued at about $28,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

NI has been the subject of several research reports. Barclays cut their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Wall Street Zen downgraded NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Royal Bank Of Canada started coverage on NiSource in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target on the stock. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, LADENBURG THALM/SH SH reduced their price objective on NiSource from $51.50 to $51.00 and set a “buy” rating for the company in a research note on Monday. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

NiSource Stock Up 0.1%

Shares of NYSE:NI opened at $41.69 on Friday. NiSource, Inc has a 12-month low of $38.45 and a 12-month high of $49.21. The company has a market capitalization of $19.99 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 3.10 and a beta of 0.55. The business has a 50-day moving average price of $45.60 and a 200 day moving average price of $46.29. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31.

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 return on equity of 7.95% and a net margin of 13.20%.The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned $0.22 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Sell-side analysts expect that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm 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 dividend of $0.30 per share. The ex-dividend date is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. NiSource’s dividend payout ratio is 63.83%.

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.