Callan Family Office LLC Takes Position in NiSource, Inc $NI

Callan Family Office LLC bought a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, HoldingsChannel reports. The fund bought 13,071 shares of the utilities provider’s stock, valued at approximately $622,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NI. Zions Bancorporation National Association UT increased its position in 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 acquiring an additional 330 shares during the period. Strive Financial Group LLC acquired a new position in NiSource during the 4th quarter worth $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA bought a new position in shares of NiSource in the fourth quarter worth $27,000. DV Equities LLC bought a new position in shares of NiSource in the fourth quarter worth $28,000. Finally, Acumen Wealth Advisors LLC bought a new position in shares of NiSource in the fourth quarter worth $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 37,509 shares of the stock in a transaction that occurred on 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 sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This represents a 32.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.37% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NI. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays decreased their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, August 7th. Royal Bank Of Canada started coverage on shares of NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price on the stock. Citigroup boosted their price target on shares of NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.82.

NiSource Trading Down 0.3%

Shares of NI stock opened at $40.71 on Wednesday. The stock has a 50-day simple moving average of $45.19 and a 200 day simple moving average of $46.22. The stock has a market capitalization of $19.52 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.04 and a beta of 0.55. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21. 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 issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. NiSource had a net margin of 13.20% and a return on equity of 7.95%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the previous year, the business earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, sell-side analysts expect that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

NiSource 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.