NiSource, Inc $NI Stock Holdings Increased by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of NiSource, Inc (NYSE:NI) by 34.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,939 shares of the utilities provider’s stock after buying an additional 15,438 shares during the period. Pacer Advisors Inc.’s holdings in NiSource were worth $2,503,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its holdings in shares of NiSource by 55,625.2% in the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock valued at $680,411,000 after buying an additional 16,836,630 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of NiSource by 19.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock worth $2,150,818,000 after acquiring an additional 8,240,227 shares during the last quarter. Norges Bank acquired a new stake in shares of NiSource during the fourth quarter worth $336,852,000. Millennium Management LLC raised its position in shares of NiSource by 2,288.8% during the third quarter. Millennium Management LLC now owns 3,166,313 shares of the utilities provider’s stock worth $137,101,000 after purchasing an additional 3,033,764 shares during the period. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of NiSource during the fourth quarter valued at $100,965,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Buying and Selling at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $47.68, for a total transaction of $715,200.00. Following the completion of the sale, the executive vice president directly owned 35,990 shares of the company’s stock, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Melody Birmingham sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $47.43, for a total value of $118,575.00. Following the sale, the executive vice president directly owned 116,036 shares of the company’s stock, valued at $5,503,587.48. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 27,500 shares of company stock valued at $1,305,675. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on NI. Wells Fargo & Company upped their price objective on shares of NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. BMO Capital Markets reissued an “outperform” rating and issued a $51.00 target price on shares of NiSource in a research report on Monday, April 20th. Weiss Ratings lowered shares of NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Evercore set a $52.00 price target on shares of NiSource in a research report on Monday, May 11th. Finally, KeyCorp assumed coverage on shares of NiSource in a research note on Tuesday, March 31st. They issued an “overweight” rating and a $52.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, NiSource presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.33.

NiSource Price Performance

Shares of NI opened at $47.31 on Wednesday. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 23.54, a P/E/G ratio of 3.80 and a beta of 0.54. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $48.98. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56. The business’s 50-day moving average is $47.18 and its 200-day moving average is $45.44.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.52 billion. NiSource had a net margin of 14.15% and a return on equity of 8.31%. During the same period last year, the company posted $0.85 earnings per share. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts expect that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Friday, July 31st. NiSource’s dividend payout ratio (DPR) is currently 59.70%.

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.