228,181 Shares in NiSource, Inc $NI Acquired by Korea Investment CORP

Korea Investment CORP acquired a new stake in shares of NiSource, Inc (NYSE:NI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 228,181 shares of the utilities provider’s stock, valued at approximately $10,850,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in NiSource by 1.5% in the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock worth $634,000 after buying an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of NiSource by 1.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock valued at $788,000 after acquiring an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in shares of NiSource by 1.6% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock valued at $637,000 after acquiring an additional 240 shares during the period. Prosperity Consulting Group LLC grew its position in shares of NiSource by 1.1% during the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after acquiring an additional 246 shares during the last quarter. Finally, World Investment Advisors grew its position in shares of NiSource by 3.2% during the fourth quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $308,000 after acquiring an additional 247 shares during the last quarter. 91.64% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Melody Birmingham sold 37,509 shares of the firm’s 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 completion of the transaction, the executive vice president owned 78,527 shares in the company, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NI shares. BMO Capital Markets decreased their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a research report on Friday, July 17th. Citigroup lifted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Barclays decreased their price objective on NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. KeyCorp cut their target price on NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Finally, Royal Bank Of Canada assumed coverage on NiSource in a research report on Wednesday, July 1st. They set an “outperform” rating and a $52.00 price target for the company. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.82.

NiSource Price Performance

NYSE NI opened at $40.82 on Tuesday. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. The firm has a market capitalization of $19.57 billion, a PE ratio of 21.71, a P/E/G ratio of 3.02 and a beta of 0.55. The company’s 50 day simple moving average is $45.33 and its 200 day simple moving average is $46.25.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter in the previous year, the company earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, equities research analysts forecast that NiSource, Inc will post 2.05 EPS for the current fiscal 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 given a $0.30 dividend. The ex-dividend date is Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 2.9%. NiSource’s 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.