Waverly Advisors LLC Decreases Stock Holdings in NiSource, Inc $NI

Waverly Advisors LLC lowered its holdings in NiSource, Inc (NYSE:NI) by 23.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,134 shares of the utilities provider’s stock after selling 23,493 shares during the period. Waverly Advisors LLC’s holdings in NiSource were worth $3,646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT boosted its position in NiSource by 113.8% during the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 330 shares during the period. Strive Financial Group LLC purchased a new position in NiSource in the fourth quarter valued at about $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in NiSource in the fourth quarter valued at about $27,000. DV Equities LLC acquired a new position in shares of NiSource during the fourth quarter worth about $28,000. Finally, Acumen Wealth Advisors LLC acquired a new position in shares of NiSource during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on NI shares. Evercore set a $52.00 target price on NiSource in a research note on Monday, May 11th. Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Citigroup upped their price target on NiSource from $47.00 to $49.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Wells Fargo & Company increased their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, 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. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.30.

Insider Activity at NiSource

In related 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 directly owned 35,990 shares of the company’s stock, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,500 shares of company stock valued at $1,305,675. Insiders own 0.37% of the company’s stock.

NiSource Stock Performance

Shares of NiSource stock opened at $44.82 on Thursday. The firm has a market cap of $21.49 billion, a PE ratio of 22.30, a price-to-earnings-growth ratio of 3.35 and a beta of 0.55. The firm’s 50-day simple moving average is $46.81 and its 200-day simple moving average is $46.38. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates 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 return on equity of 8.31% and a net margin of 14.15%.During the same period last year, the firm earned $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities analysts forecast that NiSource, Inc will post 2.08 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

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.