Ontario Teachers Pension Plan Board Takes Position in NiSource, Inc $NI

Ontario Teachers Pension Plan Board bought a new stake in NiSource, Inc (NYSE:NI) during the 2nd quarter, Holdings Channel reports. The fund bought 1,750,406 shares of the utilities provider’s stock, valued at approximately $83,232,000. NiSource accounts for about 0.5% of Ontario Teachers Pension Plan Board’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors also recently modified their holdings of NI. Advisory Services Network LLC increased its stake in shares of NiSource by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of 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 valued at $788,000 after purchasing an additional 225 shares during the period. Northwestern Mutual Investment Management Company LLC raised its position 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 buying an additional 240 shares during the last quarter. Prosperity Consulting Group LLC raised its holdings in shares of 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 purchasing an additional 246 shares during the last quarter. Finally, World Investment Advisors lifted its position in NiSource by 3.2% during the 4th quarter. World Investment Advisors now owns 7,871 shares of the utilities provider’s stock worth $308,000 after buying an additional 247 shares in the last quarter. Institutional investors and hedge funds own 91.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NI. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. LADENBURG THALM/SH SH dropped their price target on NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday. BMO Capital Markets cut their price target on NiSource from $51.00 to $49.00 and set an “outperform” rating for the company in a report on Friday, July 17th. Wells Fargo & Company lifted their price objective on shares of NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Finally, Citigroup upped their price target on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

NiSource Price Performance

NiSource stock opened at $42.15 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.41 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $20.21 billion, a PE ratio of 22.42, a P/E/G ratio of 3.16 and a beta of 0.55. NiSource, Inc has a 12 month low of $38.45 and a 12 month high of $49.21. The stock has a 50-day moving average price of $45.79 and a two-hundred day moving average price of $46.33.

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

NiSource Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is currently 63.83%.

Insider Activity

In other NiSource news, EVP Melody Birmingham sold 37,509 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $42.40, for a total value of $1,590,381.60. Following the transaction, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. The trade was a 32.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction 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 transaction, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This represents a 29.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is owned by corporate insiders.

NiSource Company 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.