IFM Investors Pty Ltd Has $10.42 Million Position in NiSource, Inc $NI

IFM Investors Pty Ltd raised its position in NiSource, Inc (NYSE:NI) by 13.8% in the 1st quarter, Holdings Channel reports. The firm owned 223,244 shares of the utilities provider’s stock after buying an additional 27,048 shares during the period. IFM Investors Pty Ltd’s holdings in NiSource were worth $10,417,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NI. Vanguard Group Inc. grew its holdings in shares of NiSource by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 62,408,533 shares of the utilities provider’s stock valued at $2,606,180,000 after buying an additional 1,032,630 shares during the period. T. Rowe Price Investment Management Inc. increased its position 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 valued at $2,150,818,000 after buying an additional 8,240,227 shares in the last quarter. State Street Corp raised its stake in NiSource by 4.5% during the 4th quarter. State Street Corp now owns 26,735,119 shares of the utilities provider’s stock worth $1,116,459,000 after buying an additional 1,154,351 shares during the period. Orion Porfolio Solutions LLC raised its stake in NiSource by 55,625.2% during the 2nd 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 period. Finally, Geode Capital Management LLC lifted its holdings in NiSource by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 12,459,421 shares of the utilities provider’s stock worth $518,301,000 after acquiring an additional 245,110 shares in the last quarter. 91.64% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NI has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on NiSource from $51.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Barclays raised their price target on NiSource from $45.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Weiss Ratings cut NiSource from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, April 24th. Royal Bank Of Canada assumed coverage on NiSource in a research report on Wednesday. They issued an “outperform” rating and a $52.00 price objective for the company. Finally, BMO Capital Markets reissued an “outperform” rating and set a $51.00 target price on shares of NiSource in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Insider Activity at NiSource

In other NiSource news, EVP Melanie B. Berman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $47.68, for a total value of $715,200.00. Following the completion of the transaction, the executive vice president directly owned 35,990 shares in the company, valued at $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Melody Birmingham sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $47.19, for a total value of $471,900.00. Following the completion of the transaction, the executive vice president owned 117,899 shares of the company’s stock, valued at approximately $5,563,653.81. This represents a 7.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,500 shares of company stock valued at $1,305,675 over the last three months. Insiders own 0.37% of the company’s stock.

NiSource Stock Down 1.4%

Shares of NI stock opened at $46.88 on Thursday. The firm’s fifty day moving average price is $47.20 and its two-hundred day moving average price is $45.70. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 1.30. NiSource, Inc has a 1 year low of $38.45 and a 1 year high of $49.21. The firm has a market capitalization of $22.48 billion, a P/E ratio of 23.32, a PEG ratio of 3.79 and a beta of 0.55.

NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $1.06 EPS for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion during 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 prior year, the business posted $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. On average, equities analysts predict that NiSource, Inc will post 2.05 EPS for the current fiscal year.

NiSource Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Friday, July 31st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a $1.20 annualized dividend and a yield of 2.6%. NiSource’s dividend payout ratio is 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.