NiSource (NYSE:NI) EVP Melody Birmingham Sells 10,000 Shares

NiSource, Inc (NYSE:NI) EVP Melody Birmingham sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total value of $471,900.00. Following the sale, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, May 20th, Melody Birmingham sold 2,500 shares of NiSource stock. The stock was sold at an average price of $47.43, for a total value of $118,575.00.

NiSource Price Performance

Shares of NYSE:NI traded up $0.74 during trading on Thursday, hitting $47.76. 4,472,092 shares of the stock were exchanged, compared to its average volume of 4,333,381. The company has a fifty day moving average price of $47.13 and a two-hundred day moving average price of $44.80. The company has a market cap of $22.90 billion, a PE ratio of 23.76, a P/E/G ratio of 3.79 and a beta of 0.57. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 12-month low of $38.13 and a 12-month high of $48.98.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. NiSource had a return on equity of 8.31% and a net margin of 14.15%.During the same quarter in the previous year, the company earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, analysts forecast that NiSource, Inc will post 2.05 EPS for the current year.

NiSource Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NI. NewEdge Advisors LLC lifted its stake in shares of NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock worth $1,223,000 after purchasing an additional 11,452 shares during the period. Woodline Partners LP lifted its stake in shares of NiSource by 41.6% during the 1st quarter. Woodline Partners LP now owns 39,703 shares of the utilities provider’s stock worth $1,592,000 after purchasing an additional 11,671 shares during the period. Acadian Asset Management LLC purchased a new position in shares of NiSource during the 1st quarter worth $105,000. Bank of Nova Scotia lifted its stake in shares of NiSource by 0.5% during the 2nd quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock worth $1,986,000 after purchasing an additional 266 shares during the period. Finally, AXA S.A. purchased a new position in shares of NiSource during the 2nd quarter worth $1,054,000. Hedge funds and other institutional investors own 91.64% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup boosted their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. Weiss Ratings lowered NiSource from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, April 24th. Finally, Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

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.