NiSource (NYSE:NI) EVP Melody Birmingham Sells 2,500 Shares of Stock

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total transaction of $118,575.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, May 14th, Melody Birmingham sold 10,000 shares of NiSource stock. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00.

NiSource Trading Up 1.6%

NI opened at $47.76 on Friday. The firm’s fifty day moving average price is $47.16 and its 200 day moving average price is $44.84. The stock has a market capitalization of $22.90 billion, a PE ratio of 23.76, a P/E/G ratio of 3.75 and a beta of 0.57. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. NiSource, Inc has a 12-month low of $38.13 and a 12-month high of $48.98.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion during the quarter, compared to the consensus estimate of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same quarter in the prior year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.5%. NiSource’s dividend payout ratio is presently 59.70%.

Analysts Set New Price Targets

Several research firms recently weighed in on NI. Weiss Ratings downgraded shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. KeyCorp began coverage on shares of NiSource in a report on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective for the company. Evercore set a $52.00 price objective on shares of NiSource in a report on Monday, May 11th. Wall Street Zen downgraded shares of NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Citigroup upped their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.33.

Institutional Trading of NiSource

Hedge funds have recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its holdings in shares of NiSource by 55,625.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after purchasing an additional 16,836,630 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after purchasing an additional 8,240,227 shares during the period. Norges Bank acquired a new position in shares of NiSource in the 4th quarter valued at about $336,852,000. Millennium Management LLC increased its holdings in shares of NiSource by 2,288.8% in the 3rd quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock valued at $137,101,000 after purchasing an additional 3,033,764 shares during the period. Finally, PFA Pension Forsikringsaktieselskab acquired a new position in shares of NiSource in the 4th quarter valued at about $100,965,000. 91.64% of the stock is owned by hedge funds and other institutional investors.

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.