NiSource, Inc $NI Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its stake in NiSource, Inc (NYSE:NI) by 4.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 255,297 shares of the utilities provider’s stock after selling 11,743 shares during the period. NiSource makes up approximately 0.4% of Edgestream Partners L.P.’s portfolio, making the stock its 22nd biggest position. Edgestream Partners L.P.’s holdings in NiSource were worth $11,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of NI. Advisory Services Network LLC increased its position in shares of NiSource by 1.5% during the fourth quarter. Advisory Services Network LLC now owns 15,171 shares of the utilities provider’s stock valued at $634,000 after acquiring an additional 220 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of NiSource by 1.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 18,864 shares of the utilities provider’s stock worth $788,000 after acquiring an additional 225 shares during the last quarter. Choreo LLC lifted its holdings in shares of NiSource by 2.7% in the 4th quarter. Choreo LLC now owns 8,769 shares of the utilities provider’s stock worth $369,000 after acquiring an additional 234 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in shares of NiSource by 1.6% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 15,247 shares of the utilities provider’s stock worth $637,000 after purchasing an additional 240 shares during the period. Finally, Prosperity Consulting Group LLC boosted its position in shares of NiSource by 1.1% during the 3rd quarter. Prosperity Consulting Group LLC now owns 23,565 shares of the utilities provider’s stock worth $1,020,000 after purchasing an additional 246 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

NiSource Trading Down 2.0%

Shares of NI stock opened at $44.82 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.56 and a current ratio of 0.65. The stock has a market capitalization of $21.49 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 3.35 and a beta of 0.55. The company has a 50 day moving average price of $46.81 and a 200 day moving average price of $46.38. NiSource, Inc has a fifty-two week low of $38.45 and a fifty-two week high of $49.21.

NiSource (NYSE:NI) last released its earnings results on Wednesday, May 6th. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates 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 earned $0.85 EPS. NiSource has set its FY 2026 guidance at 2.020-2.070 EPS. Equities research analysts predict that NiSource, Inc will post 2.08 EPS for the current fiscal year.

NiSource Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.7%. NiSource’s dividend payout ratio is currently 59.70%.

Wall Street Analysts Forecast Growth

NI has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of NiSource in a research report on Tuesday, July 21st. Barclays raised their price target on NiSource from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Monday, July 20th. KeyCorp dropped their price objective on NiSource from $52.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. Evercore set a $52.00 price objective on NiSource in a report on Monday, May 11th. Finally, Wall Street Zen lowered NiSource from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, NiSource has a consensus rating of “Moderate Buy” and an average target price of $50.30.

Insiders Place Their Bets

In other news, EVP Melanie B. Berman sold 15,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 35,990 shares in the company, valued at approximately $1,716,003.20. This trade represents a 29.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Melody Birmingham sold 2,500 shares of NiSource stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $47.43, for a total value of $118,575.00. Following the completion of the transaction, the executive vice president owned 116,036 shares of the company’s stock, valued at approximately $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. Insiders have sold 27,500 shares of company stock worth $1,305,675 in the last ninety days. Corporate insiders own 0.37% of the company’s stock.

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.