Union Bancaire Privee UBP SA Has $4.93 Million Stake in NiSource, Inc $NI

Union Bancaire Privee UBP SA increased its position in NiSource, Inc (NYSE:NI) by 227.4% during the first quarter, Holdings Channel.com reports. The firm owned 105,656 shares of the utilities provider’s stock after buying an additional 73,384 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in NiSource were worth $4,930,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of NI. Orion Porfolio Solutions LLC raised its holdings in NiSource by 55,625.2% during the second quarter. Orion Porfolio Solutions LLC now owns 16,866,898 shares of the utilities provider’s stock worth $680,411,000 after buying an additional 16,836,630 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of NiSource by 19.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 51,504,257 shares of the utilities provider’s stock valued at $2,150,818,000 after buying an additional 8,240,227 shares during the last quarter. Norges Bank bought a new stake in shares of NiSource during the fourth quarter worth about $336,852,000. Millennium Management LLC increased 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 acquiring an additional 3,033,764 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in shares of NiSource in the 4th quarter worth about $100,965,000. Institutional investors and hedge funds own 91.64% of the company’s stock.

Insider Transactions at NiSource

In other news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were 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 owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Melody Birmingham sold 10,000 shares of NiSource stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $47.19, for a total transaction of $471,900.00. Following the completion of the sale, the executive vice president directly owned 117,899 shares in the company, valued at $5,563,653.81. This trade represents a 7.82% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 27,500 shares of company stock worth $1,305,675. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NI. Citigroup lifted their price target on NiSource from $47.00 to $49.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Evercore set a $52.00 price objective on NiSource in a research note on Monday, May 11th. BMO Capital Markets restated an “outperform” rating and issued a $51.00 target price on shares of NiSource in a report on Monday, April 20th. Wall Street Zen cut NiSource from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, KeyCorp initiated coverage on NiSource in a report on Tuesday, March 31st. They set an “overweight” rating and a $52.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average price target of $50.33.

NiSource Trading Up 2.4%

Shares of NiSource stock opened at $48.98 on Friday. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.08. The firm has a market cap of $23.48 billion, a PE ratio of 24.37, a P/E/G ratio of 3.92 and a beta of 0.54. The stock has a fifty day moving average price of $47.23 and a 200-day moving average price of $45.54. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.65 and a quick ratio of 0.56.

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

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Friday, July 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.4%. NiSource’s payout ratio is currently 59.70%.

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.