14,117 Shares in NiSource, Inc $NI Bought by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new position in shares of NiSource, Inc (NYSE:NI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,117 shares of the utilities provider’s stock, valued at approximately $671,000.

Several other institutional investors have also added to or reduced their stakes in NI. BlackRock Inc. purchased a new position in shares of NiSource in the 2nd quarter worth approximately $2,613,234,000. BNP Paribas Financial Markets increased its position in shares of NiSource by 41.7% during the fourth quarter. BNP Paribas Financial Markets now owns 891,464 shares of the utilities provider’s stock valued at $37,228,000 after acquiring an additional 262,483 shares during the last quarter. Norges Bank purchased a new position in NiSource in the fourth quarter worth $336,852,000. Reaves W H & Co. Inc. boosted its position in NiSource by 8.3% in the fourth quarter. Reaves W H & Co. Inc. now owns 5,424,733 shares of the utilities provider’s stock worth $226,537,000 after purchasing an additional 415,089 shares during the last quarter. Finally, Vestcor Inc grew its stake in NiSource by 320.7% in the 4th quarter. Vestcor Inc now owns 65,854 shares of the utilities provider’s stock valued at $2,750,000 after purchasing an additional 50,200 shares during the period. 91.64% of the stock is currently owned by institutional investors.

NiSource Price Performance

Shares of NYSE:NI opened at $40.57 on Monday. The stock has a market cap of $19.46 billion, a PE ratio of 21.58, a PEG ratio of 3.02 and a beta of 0.55. The company’s fifty day moving average is $44.82 and its 200 day moving average is $46.15. NiSource, Inc has a 52 week low of $38.45 and a 52 week high of $49.21. The company has a quick ratio of 0.41, a current ratio of 0.50 and a debt-to-equity ratio of 1.31.

NiSource (NYSE:NI) last posted 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 business had revenue of $1.34 billion during the quarter, compared to analyst estimates 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 business posted $0.22 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Research analysts anticipate that NiSource, Inc will post 2.05 earnings per share for the current year.

NiSource Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, October 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, October 30th. NiSource’s payout ratio is presently 63.83%.

Insider Buying and Selling

In other news, 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 value of $1,590,381.60. Following the completion of the sale, the executive vice president directly owned 78,527 shares of the company’s stock, valued at approximately $3,329,544.80. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NI. Evercore set a $52.00 target price on NiSource in a research report on Monday, May 11th. Barclays decreased their price objective on shares of NiSource from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Friday, August 7th. LADENBURG THALM/SH SH dropped their target price on shares of NiSource from $51.50 to $51.00 and set a “buy” rating on the stock in a research note on Monday, August 17th. KeyCorp reduced their target price on shares of NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada assumed coverage on shares of NiSource in a report on Wednesday, July 1st. They issued an “outperform” rating and a $52.00 price target on the stock. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and an average target price of $49.64.

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.