Jupiter Topco LLC Purchases New Position in NiSource, Inc $NI

Jupiter Topco LLC purchased a new position in NiSource, Inc (NYSE:NI) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 51,151 shares of the utilities provider’s stock, valued at approximately $2,432,000.

Other large investors also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in NiSource during the second quarter valued at approximately $26,000. Zions Bancorporation National Association UT lifted its stake in shares of 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 purchasing an additional 330 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of NiSource in the 4th quarter worth approximately $26,000. Towarzystwo Funduszy Inwestycyjnych PZU SA purchased a new position in shares of NiSource in the 4th quarter worth approximately $27,000. Finally, DV Equities LLC bought a new position in shares of NiSource during the 4th quarter valued at approximately $28,000. 91.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on NI. Mizuho decreased their price target on NiSource from $50.00 to $48.00 and set an “outperform” rating on the stock in a report on Wednesday, August 26th. Wall Street Zen lowered shares of NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Citigroup boosted their price objective on shares of NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. BMO Capital Markets reduced their target price on shares of NiSource from $51.00 to $49.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Finally, Wells Fargo & Company raised their target price on shares of 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 issued a Hold rating to the company. Based on data from MarketBeat.com, NiSource presently has an average rating of “Moderate Buy” and a consensus price target of $49.64.

NiSource Price Performance

Shares of NI stock opened at $41.15 on Thursday. NiSource, Inc has a 52-week low of $38.45 and a 52-week high of $49.21. 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 capitalization of $19.73 billion, a P/E ratio of 21.89, a P/E/G ratio of 3.05 and a beta of 0.54. The stock has a 50 day moving average price of $44.43 and a 200 day moving average price of $46.07.

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

NiSource Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a yield of 2.9%. NiSource’s dividend payout ratio (DPR) is 63.83%.

Insider Activity at NiSource

In other news, EVP Melody Birmingham sold 37,509 shares of the company’s stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate 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.