NiSource, Inc $NI Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of NiSource, Inc (NYSE:NI) by 17.5% during the first quarter, HoldingsChannel reports. The firm owned 574,383 shares of the utilities provider’s stock after buying an additional 85,444 shares during the period. Sei Investments Co.’s holdings in NiSource were worth $26,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC raised its holdings in shares of NiSource by 1.5% during the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after buying an additional 220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 225 shares during the period. Choreo LLC boosted its holdings in NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 234 shares during the period. Northwestern Mutual Investment Management Company LLC grew its position in NiSource by 1.6% in 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 in the last quarter. Finally, Prosperity Consulting Group LLC grew its position in NiSource by 1.1% in the third quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock valued at $1,020,000 after acquiring an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Up 0.1%

NYSE NI opened at $45.84 on Wednesday. The company has a market capitalization of $21.98 billion, a price-to-earnings ratio of 22.81, a price-to-earnings-growth ratio of 3.36 and a beta of 0.55. 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 $38.45 and a 12 month high of $49.21. The company’s fifty day moving average price is $46.85 and its two-hundred day moving average price is $46.35.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share for the quarter, hitting the consensus estimate of $1.06. The company 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 previous year, the firm earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. As a group, research analysts predict that NiSource, Inc will post 2.08 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s payout ratio is currently 59.70%.

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the sale, the executive vice president owned 35,990 shares in the company, valued at $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Melody Birmingham sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the transaction, the executive vice president directly owned 116,036 shares in the company, valued at approximately $5,503,587.48. This represents a 2.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,500 shares of company stock worth $1,305,675 in the last 90 days. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NI shares. KeyCorp reduced their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Barclays raised their price target on shares of NiSource from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NiSource in a research note on Tuesday, July 21st. Citigroup upped their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Finally, Royal Bank Of Canada initiated coverage on NiSource in a research note on Wednesday, July 1st. They set an “outperform” rating and a $52.00 target price for the company. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.30.

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.