NiSource, Inc $NI Shares Sold by Resolution Capital Ltd

Resolution Capital Ltd decreased its holdings in NiSource, Inc (NYSE:NI) by 17.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 221,349 shares of the utilities provider’s stock after selling 46,889 shares during the quarter. NiSource accounts for about 0.2% of Resolution Capital Ltd’s holdings, making the stock its 27th largest holding. Resolution Capital Ltd’s holdings in NiSource were worth $10,328,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of NiSource during the fourth quarter worth about $336,852,000. BNP Paribas Financial Markets lifted its stake in NiSource by 41.7% in the 4th quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock valued at $37,228,000 after buying an additional 262,483 shares in the last quarter. Reaves W H & Co. Inc. lifted its stake in NiSource by 8.3% in the 4th quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock valued at $226,537,000 after buying an additional 415,089 shares in the last quarter. De Lisle Partners LLP acquired a new stake in NiSource in the 4th quarter worth about $4,176,000. Finally, Vestcor Inc increased its stake in NiSource by 320.7% during the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock worth $2,750,000 after buying an additional 50,200 shares in the last quarter. Hedge funds and other institutional investors own 91.64% of the company’s stock.

NiSource Trading Up 0.1%

Shares of NiSource stock opened at $45.84 on Wednesday. The stock has a 50 day moving average of $46.85 and a 200 day moving average of $46.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The firm has a market capitalization of $21.98 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 3.36 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.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. NiSource had a net margin of 14.15% and a return on equity of 8.31%. The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period 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 year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Friday, July 31st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio is currently 59.70%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. BMO Capital Markets decreased their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research report on Friday, July 17th. Barclays boosted their price target on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wells Fargo & Company lifted their target price on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Evercore set a $52.00 target price on shares of NiSource in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.30.

Insider Buying and Selling

In related news, EVP Melody Birmingham sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This trade represents a 7.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of NiSource 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 completion of the sale, the executive vice president owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,500 shares of company stock valued at $1,305,675 in the last ninety days. 0.37% of the stock is currently owned by corporate insiders.

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.