EP Wealth Advisors LLC Makes New $724,000 Investment in NiSource, Inc $NI

EP Wealth Advisors LLC purchased a new stake in shares of NiSource, Inc (NYSE:NI) in the 2nd quarter, HoldingsChannel reports. The firm purchased 15,217 shares of the utilities provider’s stock, valued at approximately $724,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in NiSource by 60.1% during the 1st quarter. NewEdge Advisors LLC now owns 30,494 shares of the utilities provider’s stock valued at $1,223,000 after acquiring an additional 11,452 shares during the period. Woodline Partners LP increased its stake in NiSource by 41.6% in 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 bought a new stake in NiSource in the first quarter valued at approximately $105,000. Bank of Nova Scotia lifted its position in NiSource by 0.5% in the second quarter. Bank of Nova Scotia now owns 49,220 shares of the utilities provider’s stock valued at $1,986,000 after purchasing an additional 266 shares during the last quarter. Finally, AXA S.A. purchased a new stake in shares of NiSource during the second quarter valued at approximately $1,054,000. 91.64% of the stock is owned by institutional investors.

Insider Transactions at NiSource

In related news, EVP Melody Birmingham sold 37,509 shares of the company’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. This represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.37% of the company’s stock.

NiSource Stock Up 0.5%

NYSE:NI opened at $40.82 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.41 and a current ratio of 0.50. The firm has a market cap of $19.57 billion, a P/E ratio of 21.71, a P/E/G ratio of 3.02 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. The firm has a 50-day simple moving average of $45.33 and a two-hundred day simple moving average of $46.25.

NiSource (NYSE:NI) last issued its earnings results 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 net margin of 13.20% and a return on equity of 7.95%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Analysts predict that NiSource, Inc will post 2.05 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, October 30th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NI shares. KeyCorp cut their price target on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada initiated coverage on NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Barclays decreased their target price on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, August 7th. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. Finally, Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus price target of $49.82.

NiSource 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.