299,542 Shares in NiSource, Inc $NI Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. acquired a new position in shares of NiSource, Inc (NYSE:NI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 299,542 shares of the utilities provider’s stock, valued at approximately $14,243,000. Tocqueville Asset Management L.P. owned about 0.06% of NiSource as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of NI. Strive Financial Group LLC acquired a new stake in shares of NiSource during the fourth quarter worth about $26,000. Zions Bancorporation National Association UT increased its position in NiSource by 113.8% in the 4th quarter. Zions Bancorporation National Association UT now owns 620 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 330 shares during the period. Towarzystwo Funduszy Inwestycyjnych PZU SA acquired a new position in NiSource in the 4th quarter valued at about $27,000. DV Equities LLC purchased a new stake in NiSource during the 4th quarter valued at approximately $28,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in NiSource during the 4th quarter valued at approximately $28,000. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NI has been the topic of several analyst reports. BMO Capital Markets lowered their target price on NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Citigroup increased 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 lifted 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, Barclays dropped their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.82.

NiSource Stock Down 1.2%

NiSource stock opened at $41.61 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.50 and a quick ratio of 0.41. NiSource, Inc has a 1-year low of $38.45 and a 1-year high of $49.21. The company has a market cap of $19.96 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 3.13 and a beta of 0.55. The stock’s 50 day moving average price is $45.69 and its 200 day moving average price is $46.31.

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

NiSource Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.9%. NiSource’s dividend payout ratio is 63.83%.

Insider Transactions at NiSource

In related news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the sale, the executive vice president owned 35,990 shares in the company, valued at $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 is available at this link. Also, EVP Melody Birmingham sold 37,509 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $42.40, for a total transaction of $1,590,381.60. Following the completion of the sale, the executive vice president owned 78,527 shares of the company’s stock, valued at $3,329,544.80. This trade represents a 32.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.

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.