Pacer Advisors Inc. Has $2.17 Million Stock Holdings in NiSource, Inc $NI

Pacer Advisors Inc. decreased its holdings in shares of NiSource, Inc (NYSE:NI) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,440 shares of the utilities provider’s stock after selling 13,499 shares during the period. Pacer Advisors Inc.’s holdings in NiSource were worth $2,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Advisory Services Network LLC lifted its position in shares of NiSource by 1.5% in the fourth 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of NiSource by 1.2% during 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 last quarter. Choreo LLC increased its holdings in shares of NiSource by 2.7% during 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 last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in NiSource by 1.6% in the 4th 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. Finally, Prosperity Consulting Group LLC raised its stake in NiSource by 1.1% in the 3rd 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 during the period. 91.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $47.68, for a total transaction of $715,200.00. Following the transaction, the executive vice president directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This trade represents a 29.42% 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 this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction that occurred 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 owned 116,036 shares of the company’s stock, valued at approximately $5,503,587.48. The trade was a 2.11% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,500 shares of company stock valued at $1,305,675 in the last three months. Insiders own 0.37% of the company’s stock.

NiSource Stock Performance

Shares of NYSE NI opened at $42.69 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.56. The firm has a market cap of $20.47 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 3.23 and a beta of 0.55. The stock’s fifty day moving average price is $46.33 and its two-hundred day moving average price is $46.40. NiSource, Inc has a one year low of $38.45 and a one year high of $49.21.

NiSource (NYSE:NI) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.15 billion. NiSource had a return on equity of 7.95% and a net margin of 13.20%.During the same quarter last year, the firm earned $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be paid a $0.30 dividend. The ex-dividend date is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.8%. NiSource’s payout ratio is 59.70%.

Analyst Ratings Changes

A number of equities analysts have commented on NI shares. Citigroup lifted their price objective 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. Royal Bank Of Canada initiated coverage on shares of NiSource in a research report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective on the stock. Wall Street Zen cut shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Barclays reduced their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wells Fargo & Company upped their price target on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.70.

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.